DTN Early Word Opening Livestock 05/07 07:47

DTN Early Word Opening Livestock 05/07 07:47 Futures Stability Focused on Early Monday Light mixed activity is expected to be seen in all livestock trade with mixed hog price levels likely to redevelop as trade volume remains sluggish with traders returning from the weekend. By John Harrington DTN Analyst Cattle: Steady w/Thurs Futures: 50-100 HR Live Equiv: $148.47 + 0.45* Hogs: Steady Futures: 25-50 LR Lean Equiv: $ 74.36 - 0.86** * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue GENERAL COMMENTS: Light to moderate activity is expected to be seen through the cattle complex early Monday morning with follow through pressure slowly developing across the complex as traders remain focused on the longer term activity through not only livestock trade, but all commodity markets. Cash cattle interest is likely to remain sluggish and nearly nonexistent through most of the complex with traders looking for additional support from seasonal buying activity in beef markets, but the focus in cash trade on show list distribution and inventory taking. The moderate activity that developed late in the week is likely to add some additional fuel to the fire, but may be hard to draw additional interest into the market until late in the week once again.