Farmers Coop Elevator Lidgerwood-Geneseo Saturday, November 17, 2018
Contact Us
Cash Bids
Board Members
Blogs and Forums
North Plant
South Plant
Geneseo Plant
Grain Discounts
ADM Grain Marketing
Printable Page Market News   Return to Menu - Page 2 3 4 5 6 7 8 9 10
DTN Early Word Opening Livestock       11/16 05:54
   Meat Futures to Tread Water on Open, Waiting for Cash News

   Look for the cattle complex to start in slow gear as traders patiently
monitor the development of late-week cash potential. Lean hog issues should
open mixed, tied to short-covering and oversold charts.

By John Harrington
DTN Livestock Analyst

Cattle: Steady         Futures: Mixed   Live Equiv: $139.84  + .29*
Hogs:   Steady-$1 LR   Futures: Mixed   Lean Equiv: $ 73.58  - .35**

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


   Sooner or later, Friday seems to be the day we trade cattle. Bids will be
initially renewed around $109 to $112 in the South and $175 in the North. Look
for some movement toward higher asking prices later Friday afternoon. Live and
feeder futures are likely to open on a mixed basis with significant trade
volume in the country waiting somewhere in the wings.
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