DTN Early Word Opening Livestock 10/05 06:18

DTN Early Word Opening Livestock 10/05 06:18 Potential Market Weakness Again Friday Follow-through pressure is expected through livestock trade early Friday morning. It is uncertain if the initial market move will be able to hold as late-week adjustments will be the focus of many traders. By Rick Kment DTN Analyst Cattle: $1 Higher Futures: Mixed Live Equiv: $134.58 -0.29* Hogs: Steady Futures: $1 Lower Lean Equiv: $ 84.88 -0.46** * 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 started to develop through the northern part of cattle country Thursday. Some additional volume is expected in these areas, although the price trend may be set. Dressed prices were seen at $175 per cwt, which is generally $1 higher than last week. Southern trade still remains sluggish, so we should see additional interest developing through the day. Bids are expected to redevelop in the same range as Thursday, around $108 to $109 per cwt. Futures trade is expected to remain mixed following the general pressure over the last couple of trading sessions. This may add some additional volatility to the complex with end-of-the-week positioning being done.