DTN Early Word Opening Livestock 10/09 06:05

DTN Early Word Opening Livestock 10/09 06:05 Light Buyer Support Expected Late day support seen Monday due to light holiday trade is expected to carry over into early Tuesday morning activity. This could spark additional commercial buyer interest through the complex. By Rick Kment DTN Analyst Cattle: Steady Futures: Firm Live Equiv $134.29 -0.29* Hogs: Steady Futures: $1 Higher Lean Equiv $84.57 -0.31** * 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 is expected to remain sluggish through the first half of the week with bids and asking prices undeveloped at this point. With showlists mixed to mostly smaller, the potential for packers to continue to improve bids through the end of the week will likely be based on the direction of beef values and futures trade. But at this point, limited interest is expected to be seen until the last half of the week. Limited follow through buyer support is expected to develop early Tuesday morning with overall support moving through the complex and building on the gains seen early in the week. This may help spark additional commercial buyer activity in most contracts.