Weather Quotes DTN Ag Headlines Options Grain Soybeans News Corn News Cotton News Wheat News DTN Renewable Fuels Futures Markets
 Francis-Mustoe & Company
  About Us  
  Daily Markets  
  Historical Markets  
  Weekly Markets  
  Contact Us  
Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Early Word Opening Livestock       02/23 06:15
   Mixed Livestock Trade Expected

   The combination of end-of-week positioning and the upcoming cattle on feed
report that will be released Friday afternoon is expected to bring additional
market volatility to the entire livestock complex.

By Rick Kment
DTN Analyst

Cattle: $2 Lower             Futures: $1 Lower   Live Equiv $146.26 +0.40*
Hogs:   Steady to $1 Lower   Futures: Mixed      Lean Equiv $83.78 -0.03**

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


   Light trade activity is expected to be seen early Friday morning, although
the tone of the market continues to be focused on the previous market pullback
that may add even more softness to trade through the morning. There is also
expected to be some pre-report positioning ahead of the cattle on feed report
in both live cattle and feeder cattle trade. Cash markets appear to be well
established with prices steady to $2 per cwt lower. It appears that more cattle
will likely still need to be sold given the trickle of trade over the last few
days. But unless something major is seen across the complex or in the cattle on
feed report, prices appear to be set.
Your local weather forecast from DTN can be sent to your email every morning free through DTN Snapshot.
Copyright DTN. All rights reserved. Disclaimer.
Our Disclaimer
Powered By DTN