DTN Early Word Opening Livestock 11/18 06:38

DTN Early Word Opening Livestock 11/18 06:38 Light Buyer Support Expected Early Wednesday Light trade is expected Wednesday, which could help to bring some stability to the complex following the volatility of the last couple days. Early gains are likely to slowly develop, although at this point is it uncertain just how much underlying support will be seen in both the cattle and hog complex as the morning continues . By Rick Kment DTN Livestock Analyst Cattle: Lower Futures: $1 HR Live Equiv $139.67 - 0.02* Hogs: Steady to $1 LR Futures: $1 HR Lean Equiv $ 76.52 - $2.66** * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue GENERAL COMMENTS: The volatility in futures trade early in the week has kept cash market activity at bay and will likely limit trade until later in the week, although additional interest is expected to be seen if gains continue in nearby futures prices such as developed Tuesday. At this point, steady money may still be a lofty target to shoot for, as a lot of shifts may continue to be seen in futures through the rest of the week. Asking prices in the South are expected from $130 to $132, similar to where they developed Tuesday afternoon.