Home Quotes Futures Markets Page Weather Market News

 
Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
 
 
DTN Early Word Opening Livestock       04/28 09:57
   Meat Futures are Staged for Further Late-Week Gains

   Look for the cattle complex to open substantially higher, supported by
follow-through buying and new cash premiums. Lean hog futures should also
benefit Friday from Thursday's bullish momentum.

By John Harrington
DTN Livestock Analyst



Cattle: Firm w/Thurs advance   Futures: 50-100 HR   Live Equiv $146.88.+.22*
Hogs:   Steady-$1 HR           Futures: 50-100 HR   Lean Equiv $ 79.00 +.18**

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

GENERAL COMMENTS:

   Cattle buyers aggressively chased ready steers and heifers on Thursday like
they were on the endangered species list. Live spending reached as high as $138
to $140 with dressed deals as tall as $217 to $219. Trade volume was quite
active in most areas, and we suspect that most business is done for the week.
Whatever remains on showlists are probably picked around $140 in the South and
$220 plus in the North. Live and feeder futures seem staged to open solidly
higher, supported by residual buying interest and new feedlot premiums.
No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!
 
 
Copyright DTN. All rights reserved. Disclaimer.
Clear Channel Radio does not warrant the information contained herein. To return to the WHO Radio, click the link.
Powered By DTN