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Monday, November 12, 2018  
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DTN Early Word Opening Livestock       11/12 07:12
   Cattle Looking for Support

   Cattle and feeder prices will do well to find some semblance of support this
week after breaking fresh lows on the futures board last week. Hogs on the
other hand, continue to experience high slaughter levels, but are holding
sideways for now.

By Todd Hultman
DTN Analyst

Cattle: Steady to $1 lower   Futures: Mixed   Live Equiv: $140.61 -0.37*
Hogs:   Steady to $1 lower   Futures: Mixed   Lean Equiv: $ 75.18 -1.34**

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


   Coming off of a week in which cattle and feeder futures prices broke to new
lows and cash cattle were steady to $2 lower, prices will be looking for some
form of support this week ahead of next week's Thanksgiving holiday. This
week's showlist is likely to be a little larger than last week.
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