Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Early Word Opening Livestock       03/26 06:05
   Cattle Futures Set to Open on Firm Basis

   Live and feeder contracts are staged to begin moderately higher, supported
by strong wholesale beef prices and firm cash expectations. On the other hand,
lean hog contracts seem set to open some longer thanks to long liquidation and
softer carcass value.

By John Harrington
DTN Analyst

Cattle: Steady-$2 HR Futures: 10-30 HR Live Equiv $171.63 + $1.99 *
Hogs: Steady-$1 LR Futures: 10-30 LR Lean Equiv $ 71.64 - 0.99 **


   The typically late-week work in the cattle market should begin this morning
with preliminary bids cropping up here and there. Yet given the resolve of
bullish feedlot managers(i.e., sticking with asking prices around $166 plus in
the South and $265-267 in the North). significant trade volume could be delayed
until Friday. Live and feeder futures should open moderately higher with the
help of firming carcass value and positive cash expectations.
For more free DTN information sent right to your email each morning - click here to sign up for DTN Snapshot.
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN