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DTN Early Word Opening Livestock       02/20 05:44
   Mixed Trade Expected Tuesday

   Mixed trade is expected early in the complex through live cattle and lean
hog futures. The focus on uncertainty in cash markets early in the week will
leave volume light.

By Rick Kment
DTN Analyst

Cattle: Steady               Futures: $1 Higher   Live Equiv $141.21 +0.29*
Hogs:   Steady to $1 Lower   Futures: Mixed       Lean Equiv $ 82.42 +0.29**

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


   Firm support is expected across live cattle and feeder cattle futures early
Tuesday morning as the focus on renewing buyer support developed across the
complex. A combination of follow-through support and position-taking is likely
to develop through the first couple hours of trade. Cash cattle activity is
expected to remain undeveloped with late-week trade likely to be the main order
of business. The focus on strong gains seen late last week will likely increase
asking prices during the next few days.
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