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DTN Early Word Opening Livestock       03/28 05:47
   Follow-Through Selling Expected to Pressure Meat Futures on Opening

   Look for the cattle complex to open under pressured checked by
follow-through selling, and technical bearishness. Lean hog contracts should
also begin on the slide as long liquidation continues.

By John Harrington
DTN Livestock Analyst

Cattle: Steady to $2 HR   Futures: 50-100 LR   Live Equiv $148.83 - 1.23*
Hogs:   Steady to $1 LR   Futures: 50-100 LR   Lean Equiv $ 83.86 +  .96**

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


   Cattle traders are probably in for a typically slow Tuesday with neither
side in a hurry to define bids or asking prices. Our guess is that some cattle
will be priced around $132 to $133 in the South and $215 in the North. Live and
feeder issues should open lower, pressed by residual selling interest and
late-month beef demand.
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* Futures and Futures Options trading holds significant risk of loss; only individuals that have a higher risk tolerance and are looking for higher risk, higher reward opportunities should consider investing in this arena. Hedge customers should understand their cash risks as well as the risks and relationship with futures and futures options. FuturesOne is a DBA name for both DMFiala LTD (brokerage services) and David Fiala LTD (advisory services).
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