DTN Early Word Opening Livestock 06/28 05:53

DTN Early Word Opening Livestock 06/28 05:53 Lean Hog Issues Set for Mixed Opening Ahead of Hogs & Pigs News Look for hog futures to open cautiously mixed as commercials and specs mark time before the release of the June 1 inventory Thursday afternoon. The cattle complex is expected to start out lower, pressured by lower cash sales and defensive wholesale action. By John Harrington DTN Livestock Analyst Cattle: Steady/Weak w/Wed Futures: 50-100 LR Live Equiv: $141.59 - .84* Hogs: Steady-$1 LR Futures: Mixed Lean Equiv: $ 92.98 + .25** * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue GENERAL COMMENTS: Moderate-to-active trading developed in parts of cattle-feeding country at midweek with most live sales marked at $106, $2 to $3 lower than last week. Dressed sales in the North were mostly tagged $170, $3 to $4 lower. More business seems likely in Texas and Colorado, but opening bids are not likely to be better than steady to $1 lower. Live and feeder futures should open moderately lower, checked by cash and product weakness.