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DTN Early Word Opening Livestock       02/26 06:07
   Beef and Pork Paper Staged for Mixed Opening

   Look for the cattle pits to start out with mixed prices this morning, slowly
scrambled by follow-through buying and pre-cash positioning. Similarly, lean
hog contracts are likely to open on both sides of unchanged with both residual
buying interest and profit taking.

By John Harrington
DTN Analyst

Cattle:  Steady        Futures: mixed  Live Equiv $168.99 + $1.46*
Hogs:    Steady-$1 HR  Futures: mixed  Lean Equiv $ 74.58 - $1.53**


   Cattle buying interest could slowly start to improve today. Higher trending
carcass value seems to be improving packer margin, but of course packers still
feel the need to hold the line on the cost of live cattle. On the other hand,
packers remain very short bought and may be running out of procurement options.
Asking prices remain firm around $62 in the South and $260 in the North,
Needless to say, it's possible that significant trade volume could be delayed
until Friday. Live and feeder futures seem geared to open on a mixed basis
thanks to a combination of spillover buying and pre-cash long liquidation.
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