Weather Quotes Headline News Market News Livestock DTN Ag Headlines Portfolio Sports Options Hay & Feed News AgBizDir.com
 First National Bank in Ord
  Home  
  Ord Community Calendar  
  Sargent Community Calendar  
  Greeley Community Calendar  
  RATES AND FORMS  
  ONLINE BANKING/BILL PAYMENT  
  Contact Us/Bank Hours  
  Links  
  HEARTBLEED ALERT  
  FDIC Insurance  
  PRIVACY Notice  
  IDENTITY THEFT  
  Terms Of Use  
  ATM Safety  
  SAFE ONLINE BANKING  
  First National Bank's 50 Year Bankers  
 
 
Printable Page Livestock   Return to Menu - Page 1 2 3 4 5 7 8 10 11 12 13
 
 
DTN Early Word Opening Livestock       07/28 06:34
   Cattle Complex Staged for Bullish Opening

   Live and feeder cattle contracts are likely to open significantly higher
thanks to follow-through buying and substantial cash premiums. On the other
hand, lean hog futures could begin with moderate strength, supported by
short-covering and spillover buying from the cattle pits.

By John Harrington
DTN Analyst



Cattle: Cash Steady-$2 HR     Futures 100-300 HR     Live Equiv $177.56 + $1.13*
Hogs:   Cash Steady-$1 LR     Futures 20-50 HR       Lean Equiv $140.68 + .60**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue

GENERAL COMMENTS:

   The cattle market's historical bullish parade is expected to roll on this
week with feedlot managers confidently asking packers to pay more money for
fats than ever before imagined. Our guess is that new showlists distributed
this morning will be initially priced around $170-plus in the South and
$270-plus in the North. Look for the late July offering to be steady to
somewhat smaller than last week. Significant trade volume will probably be
delayed until at least Wednesday or Thursday. Live and feeder contracts at the
CME should open substantially higher as the board continues to reach toward
large cash premiums.
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