Dakota Ag Cooperative 
Friday, September 4, 2015  
 
 
 
 
Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Early Word Opening Livestock       09/04 06:04
   Cattle Futures Likely to Open on Firm Basis

   Look for live and feeder contracts to open moderately higher, supported by
follow-through buying and late-week short covering. Yet expect lean hog futures
to begin with mixed prices tied to both residual selling and pre-holiday short
covering.

By John Harrington
DTN Analyst



Cattle:  Steady to $2 LR   Futures: 10-30 HR  Live Equiv $161.06 - 0.14*
Hogs:    Steady to $1 LR   Futures: mixed     Lean Equiv $ 90.07 - 0.69**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue

GENERAL COMMENTS:

   With light to moderate trade volume generated in Nebraska and Iowa
yesterday, area packers may be done for the week, ready for holiday picnics and
golf. Most dressed deals were marked around $222, $5-6 below last week's
weighted average basis Nebraska. Yet the South remains untested and we assume
that buyers will have to make something happen today before calling it a week.
Look for opening bids of $144, $4-6 below most asking prices. Cattle futures
are likely to open moderately higher, supported by follow-through buying and
cash premiums.
Get your local Cash Bids emailed to you each morning from DTN – click here to sign up for DTN Snapshot.
 
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN