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DTN Early Word Opening Livestock       07/07 05:53
   Cattle Paper Set to Open with Moderate Selling Pressure

   Live and feeder cattle futures should open moderately lower, pressured by
follow-through selling and signs of struggling product demand. On the other
hand, expect lean hog contracts to begin on a mixed basis with nearbys losing
more ground on deferreds.

By John Harrington
DTN Analyst

Cattle:  Steady   Futures: 10-30 LR   Live Equiv $167.41 - $2.00*
Hogs:    Steady   Futures: mixed      Lean Equiv $ 87.25 + $1.27**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue


   We look for a typically slow Tuesday in the cash cattle market with bid and
asking prices only sketchily defined. A few showlists have been priced around
$152-153 in the South and $245-plus in the North. The surfacing of significant
trade volume seems unlikely before Thursday or Friday. Live and feeder futures
are geared to open moderately lower, checked by residual selling interest and
Monday's crash in beef cut-outs.
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