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DTN Early Word Opening Livestock       07/30 06:13
   Livestock Futures Set for Mixed Opening

   Look for cattle futures to open with mixed prices as traders position ahead
of late week cash business. Lean contract should also begin with uneven action
including profit taking and bull spreading.

By John Harrington
DTN Analyst

Cattle:  Steady            Futures: mixed   Live Equiv $157.33 + 0.27*
Hogs:    Steady to $1 HR   Futures: mixed   Lean Equiv $ 90.96 - 0.24**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue


   There seems to be a good chance that cattle buying interest will improve
today as short-bought packers are required to get more serious about covering
immediate slaughter needs. Asking prices remain firm at $148 in the South and
$236 plus in the North. If neither side shows interest in stepping toward the
middle, significant trade volume could be delayed until Friday. Live and feeder
futures are set to open on a mixed basis tied to a cautious combo of short
covering and long liquidation.
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