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DTN Early Word Opening Livestock       10/27 06:04
   Meat Futures Staged for Mixed Opening

   The cattle complex is set to open with uneven prices as traders position
ahead of late-week cash activity. Similarly, lean hog contracts should start
out on a mixed basis tied to a combination of short-covering and long

By John Harrington
DTN Livestock Analyst

Cattle: $1-3 HR        Futures: Mixed   Live Equiv $123.01 - .41*
Hogs:   Steady-$1 LR   Futures: Mixed   Lean Equiv $ 78.09 - .38**

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


   Cattle buyers should start to kick a few tires in the country Thursday, but
they may not be aggressive enough to prompt significant selling interest until
sometime Friday. Unless the board and/or the beef trade starts to cave big
time, we expect feedlot managers to stand tall in terms of higher asking
prices. Some cattle seem to be priced around $105 plus in the South and $165
plus in the North. Live and feeder futures are geared to open in a narrow range
on both sides of unchanged as spec and commercials cautiously anticipate cash
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