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DTN Early Word Opening Livestock       07/13 05:59
   Livestock Futures Geared to Open Moderately Higher

   The cattle complex should open moderately higher, supported by
follow-through buying and the potential of premium cash sales Lean hog
contracts are also likely to move moderately higher thanks to further
short-covering and technical buying.

By John Harrington
DTN Livestock Analyst



Cattle: Steady         Futures: 50-100 HR   Live Equiv:  $137.30  - .25*
Hogs:   Steady-$1 LR   Futures: 50-100 HR   Lean Equiv:  $ 88.79  - .09

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

GENERAL COMMENTS:

   It's "do-or-die-time" in feedlot country once again with cattle buying and
sellers running out of time to trade at least moderate numbers before calling
it a week. Look for opening bids around $108 live and $173 to $175 dressed,
well below asking prices of $115 and $182 to $184. Live and feeder futures seem
set to open moderately higher Friday, supported by follow-through buying and
the possibility of cash stability.
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