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DTN Early Word Opening Livestock       12/08 05:58
   Hog Paper Set to Open With Moderate Strength

   Expect lean hog contracts to open at least moderately higher, supported by
follow-through buying and impressive late-year fundamentals. Live and feeder
futures should open on a mixed basis as traders cautiously position ahead of
cash potential.

By John Harrington
DTN Livestock Analyst

Cattle: Steady    Futures: Mixed      Live Equiv $126.43 - .98*
Hogs:   $1-2 HR   Futures: 25-50 HR   Lean Equiv $ 80.22 + .62**

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


   Whether or not the cash cattle trade begins to develop Thursday may depend a
great deal on how futures play and how such action impacts feedlot asking
prices. Some showlists are priced around $115 in the South and $175 plus in the
North. Live and feeder contracts seem likely to open on a mixed basis as specs
and commercials position ahead of late-week cash.
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