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DTN Early Word Opening Livestock       05/06 06:06
   Cattle Pits Staged for Firm Midweek Opening

   Look for live and feeder contracts to open moderately higher, boosted by
follow-through buying and cash premiums. Similarly, lean hog futures begin with
a firm undertone thanks to supportive fundamentals.

By John Harrington
DTN Analyst

Cattle:  Steady-$1 HR    Futures: 10-30 HR   Live Equiv $171.74   - 0.15*
Hogs:    Steady-$1 HR    Futures: 10-30 HR   Lean Equiv $  80.82  + $1.70**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue


   Cattle market watchers may see a few preliminary  bids this morning, but
there's not likely to confirm any business to speak off. Such a meaningful test
will probably be postponed until Thursday or Friday.  A few showlists have been
priced around $163 in the South and $260-plus in the North. Live and feeder
futures should open moderately higher. powered by spillover buying and cash
market premiums.
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