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DTN Early Word Opening Livestock       10/12 06:07
   Light Trade Expected Friday

   Hog futures are expected weak early Friday morning, although end-of-the-week
positioning is expected to develop with traders focusing on bringing some
stability to the weakening complex.

By Rick Kment
DTN Analyst

Cattle: Steady     Futures: Mixed      Live Equiv: $134.12 -0.31*
Hogs:   $1 Lower   Futures: $1 Lower   Lean Equiv: $ 83.62 -0.59**

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


   Cash cattle trade may be done for the week following light to moderate trade
in all areas that developed Thursday afternoon. Live trade is fully steady with
last week at $111 per cwt while dressed trade is seen at $173 to $174 per cwt,
which is $1 to $2 per cwt lower than last week, and generally $1 per cwt lower
than the previous day. Futures trade is expected to remain sluggish with a
combination of short-covering, especially in deferred contracts, while the
general weaker tone could add some additional uncertainty to the market and
allow pressure to redevelop at the end of the week.
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