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DTN Early Word Opening Livestock       11/13 05:54
   Hog Paper Set to Open Moderately Higher

   Lean hog futures are likely to open higher, supported by residual buying and
short-covering. Look for the cattle complex to begin with uneven price action
with nearbys gaining more ground on deferreds.

By John Harrington
DTN Livestock Analyst

Cattle: Steady-$1 LR   Futures: Mixed       Live Equiv: $141.17  +.56*
Hogs:   Steady-$1 LR   Futures: 50-100 HR   Lean Equiv: $ 75.74  +.56**

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


   The cash cattle trade through the day should be a typical yawn-fest with
bids and asking prices poorly defined. This week's total kill is expected to
come close to 640,000 head. Live and feeder futures seem geared to open on a
mixed basis, reflecting early-week apathy and uncertainty concerning preturkey
beef demand and price potential.
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