Four Star Supply, Inc.
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DTN Early Word Opening Livestock 09/26 06:09

DTN Early Word Opening Livestock       09/26 06:09
   Limited Interest Expected Early Wednesday

   Sluggish trade activity within a narrow to moderate trading range is
expected in livestock futures early Wednesday morning. Light volume may attempt
to adjust positions midweek.

By Rick Kment
DTN Analyst



Cattle: Steady      Futures: Mixed      Live Equiv: $135.98 -0.30*
Hogs:   $1 Higher   Futures: $1 Lower   Lean Equiv: $ 85.42 +0.43**

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

GENERAL COMMENTS:

   Activity in the cash cattle market is expected to remain quiet once again
with bids likely at $174 dressed, and starting out near $106 on a live basis.
At this point, it is uncertain just how much midweek interest there will be by
either side, as active trade is not likely to develop until later in the week.
Futures trade is expected mixed with limited interest likely to develop
following the narrow market gains seen Tuesday. Nearby contracts are focusing
on sustaining short-term support levels with October futures holding above $112
per cwt. Similar sluggish market direction is expected in feeder cattle markets
as traders are focusing on outside grain market shifts through the end of
September.