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DTN Early Word Opening Livestock       08/24 06:08
   Livestock Futures at Midweek Likely to Open With Mixed Prices

   Look for the cattle complex to open on a mixed basis thanks to a slow
combination of follow-through selling and pre-cash short-covering. Lean hog
futures should also begin on both sides of unchanged tied to midweek
profit-taking.

By John Harrington
DTN Livestock Analyst



Cattle: Steady   Futures: Mixed   Live Equiv $135.74  - .34*
Hogs:   Steady   Futures: Mixed   Lean Equiv $ 81.16  - .09**

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

GENERAL COMMENTS:

   Cash cattle buyers should soon start to show better inquiry, floating more
preliminary bids around the circuit. Look for bids to open around $114 to $115
in the South and $183 to $184 in the North. Asking prices will be suggested
around $120 in the South and $190 in the North. Yet active trade volume could
easily be delayed until Thursday or Friday. Live and feeder futures seem set
for a mixed opening as traders begin to position ahead of cash business.
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