Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Early Word Opening Livestock       09/23 06:19
   Livestock Pressure Expected Early Tuesday

   Light trade is likly to be seen through livestock futures, which could limit
additional buyer support through most of the morning. Traders continue to focus
on outside market direction as well as the ability to firm beef and pork values
through early week.

By Rick Kment
DTN Analyst

Cattle: Steady to $2 Lower   Futures: 30 to 60 cents lower   Live Equiv $165.95
- ___FCKpd___0.54*
Hogs:   Steady to $1 Higher  Futures: 20 to 50 Lower         Lean Equiv $123.88
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue


   Overall market activity is expected to remain sluggish through most of the
morning Tuesday. Packers continue to take thier sweet time when it comes to
distributing bids for the week, which may not fully develop until midweek or
even later. Even though packers are expected to remain short bought going into
the week, history has proved that many times they can still be able to tread
water with available supply until late in the week. The inabilty to support
beef values and improve margins significanly is going to put even more emphasis
on controled spending. Futures are expected to start on the defensive side as
traders remain concerned about the inability to sell beef at higher prices
through the middle of September.
No other Daily email offers as much useful Ag information as DTN Snapshot – Sign up Free today!
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN