Alton Comments
  Receiving Schedule
  Contact Us
  Cash Grain Bids
  Discount Schedules
  USDA Reports
  NDAWN Network
  Futures Markets
  Market News
  Markets Page
  Headline News
  DTN Ag Headlines
  DTN Renewable Fuels

Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Early Word Opening Livestock       11/20 05:51
   Meat Futures Set for Mixed Opening Until More Cash Potential Become Evident

   Lean issues should open with uneven price action thanks to residual buying
on one hand and long liquidation on the other. Similarly, live and feeder
issues are likely to initially churn on both sides of unchanged until cash
potential becomes more real.

By John Harrington
DTN Livestock Analyst

Cattle: Steady         Futures: Mixed   Live Equiv: $140.03  + .43*
Hogs:   Steady-$1 HR   Futures: Mixed   Lean Equiv: $ 66.00  + .63**

* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue


   Beef packer inquiry could start to improve a bit Tuesday, but significant
trade volume may be delayed until at least midweek. Initial asking prices
should be around $116 to $117 in the South and $178 plus in the North. Live and
feeder seem geared to open on a mixed basis as both sides assess the need to
mark inventory before the Thanksgiving break.
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.
Comments on this web site are for information only. User should not use any generic comments for personal purposes. Trading of futures and options can be risky.
Powered By DTN