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DTN Early Word Opening Livestock       10/25 06:07
   Meat Futures Set for Solid Gains in Opening Rounds

   Live and feeder futures should open higher Tuesday, supported by spillover
buying and greater cash optimism. Lean hog issues should also open with a firm
undertone, boosted by short-covering and bull-spreading interest.

By John Harrington
DTN Livestock Analyst

Cattle: $1-3 HR   Futures: 50-100 HR   Live Equiv $122.26 + .58*
Hogs:   Steady    Futures: 50-100 HR   Lean Equiv $ 77.97 + .89**

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


   Given such an exciting bullish blast on the board to start the week, feedlot
managers will be in no hurry to price showlists Tuesday. We have heard that
some Southern cattle have been priced around $105. Nevertheless, it's a good
bet that both buyers and sellers will take a wait-and-see attitude. If the
board continues to nurse a firm undertone, significant cash activity will
probably be delayed until Thursday or Friday. Live and feeder futures seem
likely to open significantly higher, powered by follow-through buying and
improvement fundamentals.
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