Dakota Ag Cooperative 
Friday, March 27, 2015  
Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Early Word Opening Livestock       03/27 05:55
   Meat Futures to Start Waiting Game with Mixed Prices

   Lean hog contracts seem set to open on a mixed basis as traders position
ahead of the March 1 H&P report. Live and feeder futures should also generate
uneven prices in the early rounds with both sides cautious before the
development of cash news.

By John Harrington
DTN Analyst

Cattle:  Steady-$2 HR  Futures: mixed  Live Equiv $171.66 + 0.03 *
Hogs:    Steady-$1 HR  Futures: mixed  Lean Equiv $ 72.07 + 0.43 **


   Short-bought cattle buyers will be necessarily looking for a way to cover
near-term slaughter needs sometime today. Given the awkward combination of
limited feedlot offerings and relatively lackluster beef demand, we're all
quite familiar with the 11th-hour drill. Asking prices will be restated by
feedlot managers at $165-plus in the South and $265-plus in the North. Look for
light to moderate trade volume to surface sometime between late morning and mid
afternoon. Live and feeder futures are staged to open on a mixed basis tied to
a slow combination of short covering and long liquidation.
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