November 13, 2018
 
Caledonia Feed & SupplyCaledonia Feed MillCaledonia AgronomyLake Odessa Feed & GrainLake Odessa Agronomy
146 E. Main Street
Caledonia, MI 49316
Lake and Kinsey Street
Caledonia, MI 49316
290 South Street
Caledonia, MI 49316
1018 3rd Avenue
Lake Odessa, MI 48849
9260 Eaton Hwy
Lake Odessa, MI 48849
Store Line  616-891-4150 
Office Line 616-891-8108
Phone: 616-891-8108Phone: 616-891-1033Phone: 616-374-8061
Phone: 616-374-7329

 
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DTN Early Word Opening Livestock       11/13 05:54
   Hog Paper Set to Open Moderately Higher

   Lean hog futures are likely to open higher, supported by residual buying and
short-covering. Look for the cattle complex to begin with uneven price action
with nearbys gaining more ground on deferreds.

By John Harrington
DTN Livestock Analyst



Cattle: Steady-$1 LR   Futures: Mixed       Live Equiv: $141.17  +.56*
Hogs:   Steady-$1 LR   Futures: 50-100 HR   Lean Equiv: $ 75.74  +.56**

* 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 cash cattle trade through the day should be a typical yawn-fest with
bids and asking prices poorly defined. This week's total kill is expected to
come close to 640,000 head. Live and feeder futures seem geared to open on a
mixed basis, reflecting early-week apathy and uncertainty concerning preturkey
beef demand and price potential.
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