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DTN Early Word Opening Livestock       04/22 06:19
   Meat Futures Expected to Open on a Firm Basis

   Look for the cattle pits to open moderately higher, buoyed by short covering
and spillover buying interest. Lean hog futures should also bounce some higher
in the early rounds with the help of short covering and profit taking.

By John Harrington
DTN Analyst

Cattle:  Steady-$2 LR  Futures: 10-30 HR  Live Equiv $157.48 + $1.60 *
Hogs:    Steady        Futures: 10-30 HR  Lean Equiv $127.28 - $1.92**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue


   "Cattle Tuesdays" are typical yawners, and there's little to suggest the
cash session ahead will be unusually energetic. Look for bids and asking prices
to remain poorly defined. A few showlists will be priced around $148 in the
South and $238-plus in the North. Chances are, significant trade volume will
again be delayed until the second half of the week. Live and feeder futures
seem set to open moderately high, supported by short covering and early week
wholesale beef strength.
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