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DTN Early Word Opening Livestock       05/24 06:01
   Meat Futures Set for Follow-Through Selling

   Look for the cattle complex to open moderately lower, pressured by
follow-through selling, technical worries, and signs of weakening carcass
value. Lean hog futures should also begin on the defensive, checked by residual
selling and uncertain cash potential.

By John Harrington
DTN Livestock Analyst

Cattle: Steady-$2 LR   Futures: 50-100 LR   Live Equiv $148.16  -.71*
Hogs:   Steady         Futures: 50-100 LR   Lean Equiv $ 89.34  +.75**

* 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 should be prepared for a typically quiet Tuesday. We
expect bids and asking prices to remain poorly defined until at least Wednesday
or Thursday. Live and feeder issues seem geared to open considerably lower,
pressured by follow-through selling and lackluster pre-holiday beef demand.
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