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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

GENERAL COMMENTS:

   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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