Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Early Word Opening Livestock       04/17 06:09
   Meat Futures Set for Mixed Late-Week Opening

   Anticipate a mixed opening in cattle pits this morning as specs and
commercials slowly position ahead of feedlot cash. Lean hog futures should also
begin with uneven price action tied to a combo of carryover buying and profit

By John Harrington
DTN Analyst

Cattle: Steady-$2 HR Futures: mixed Live Equiv $175.40 - 0.40*
Hogs: Steady Futures: mixed Lean Equiv $ 71.06 - $1.15**


   With the workweek speeding toward a close and showlists still virtually
untouched, cattle buyers and sellers will have to find a way to do business
sometime over the next several hours, Asking prices remain firm at $165-166 in
the South and $265 plus in the North. Opening bids should be around $159 in the
South and $256-260 in the North. Live and feeder futures are likely to open on
a mixed basis as traders cautiously consider cash potential.
Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot.
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN