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DTN Early Word Opening Livestock       12/19 06:00
   Meat Futures to Open Solidly Higher

   The cattle complex is likely to open higher, supported by follow-through
buying, short covering and pre-report positioning. Lean hog contracts should
also begin solidly higher thanks to spillover buying and late week profit

By John Harrington
DTN Analyst

Cattle:  Steady w/Wed   Futures: 50-100 HR   Live Equiv $165.39 -0.38 *
Hogs:    Steady-$1 HR   Futures: 50-100 HR   Lean Equiv $94.93 +0.14 **
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue


   Fairly limited trade volume to-date suggests that cattle buyers probably
need to collect more stock (especially in the North) before calling it a week.
Asking prices should be expressed around $160 in the South and $255 plus in the
North. The December 1 on feed report will be released this afternoon at 2:00
(CST). Average trade guess look like this: on feed, up 1%; placed in November,
off 4%; marketed in November, off 10%. Live and feeder futures should open
solidly higher, supported by follow-through buying and late-week profit taking.
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