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DTN Early Word Opening Livestock       03/28 05:47
   Follow-Through Selling Expected to Pressure Meat Futures on Opening

   Look for the cattle complex to open under pressured checked by
follow-through selling, and technical bearishness. Lean hog contracts should
also begin on the slide as long liquidation continues.

By John Harrington
DTN Livestock Analyst



Cattle: Steady to $2 HR   Futures: 50-100 LR   Live Equiv $148.83 - 1.23*
Hogs:   Steady to $1 LR   Futures: 50-100 LR   Lean Equiv $ 83.86 +  .96**

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

GENERAL COMMENTS:

   Cattle traders are probably in for a typically slow Tuesday with neither
side in a hurry to define bids or asking prices. Our guess is that some cattle
will be priced around $132 to $133 in the South and $215 in the North. Live and
feeder issues should open lower, pressed by residual selling interest and
late-month beef demand.
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