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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

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


   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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