DTN Early Word Opening Livestock 10/10 05:58

DTN Early Word Opening Livestock 10/10 05:58 Trade Expected Sluggish Following Monday's Light Columbus Day Activity Light mixed trade developed in futures trade Monday, allowing most traders to remain on the sidelines. This is expected to draw additional interest back into the complex back into the market through the next couple of days. By Rick Kment DTN Analyst Cattle: Steady $2 HR Futures: Mixed Live Equiv $132.82 + 0.71* Hogs: Steady-$1 HR Futures: Mixed Lean Equiv $ 78.69 + 0.93** * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue GENERAL COMMENTS: Cash cattle activity remains undeveloped early in the week as would be expected on a Tuesday morning. Showlists are mixed to generally smaller but not expected to be a significant factor in overall pricing factors through the week. Bids and offers have not yet been developed and may not be seen until either sometime late Tuesday or even sometime midweek with late-week trade not out of the question. The firm support in boxed beef values seen early in the week is helping to draw overall support through the complex, but not likely to create overall overwhelming support through the market. Futures are expected to remain mixed as traders continue to focus on the ability to look toward commercial support building across live cattle and feeder cattle contracts through the complex.