DTN Early Word Opening Livestock 02/10 06:00

DTN Early Word Opening Livestock 02/10 06:00 Late-Week Cattle Futures Set for Mixed Opening Live and feeder contracts seem likely to open on a mixed basis thanks to a combination of residual buying on one hand and late-week long liquidation on the other. Look for lean hog futures to begin with uneven price action tied to both light bull spreading and profit-taking. By John Harrington DTN Livestock Analyst Cattle: Steady w/midweek Futures: Mixed Live Equiv $130.08 - .44* Hogs: Steady-$1 HR Futures: Mixed Lean Equiv $ 90.03 - .50** * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue GENERAL COMMENTS: Trade volume looks no better than moderate in most areas of feeding country, but it's tough to say we will see more business sometime Friday. Our guess is that activity in the South is pretty much done for the week, but time will tell. Unsold steers and heifers are priced around $122 in the South and $192 plus in the North. Live and feeder futures should open on a mixed basis thanks to follow-through buying on one hand and long liquidation on the other.