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DTN Early Word Opening Livestock       04/24 06:23
   Meat Futures Ready for Mixed Opening

   Look for the lean hog pit to begin with uneven price action thanks to a
combination of follow-through buying and profit taking. Similarly, expect
contracts in the cattle complex to open on a mixed basis as traders position
ahead of late-week cash and Friday's April 1 on feed report.

By John Harrington
DTN Analyst

Cattle:  Steady-$1 LR  Futures: mixed          Live Equiv $159.08 + 0.42 *
Hogs:    Steady-$1 HR  Futures:mixed 25-50 LR  Lean Equiv $125.27 + 0.32**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue


   Cattle buying interest could flesh out further this morning with possible
business developing here and there. Yet significant trade volume seems more
likely to be delayed until sometime Friday. Asking prices should be restated
around $148 in the South and $238-plus in the North. Live and feeder futures
are likely to open cautiously mixed as traders begin to position ahead of
late-week cash biz and Friday's release of the monthly on feed report.
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