Stratton Equity Coop
  98 Colorado Ave. - P.O.Box 25
  Stratton, CO 80836     Phone:
719.348.5326 

 


 
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DTN Early Word Opening Livestock       09/25 05:52
   Weaker Market Tone Expected Tuesday

   Firm pressure is likely to develop in most contracts with traders still
focusing on growing supplies in cattle trade, while the release of the Cold
Storage report will bring about increased market weakness Tuesday.

By Rick Kment
DTN Analyst



Cattle: Steady      Futures: $1 Lower   Live Equiv: $136.28 +0.67*
Hogs:   $1 Higher   Futures: $1 Lower   Lean Equiv: $ 84.99 +0.84**

* 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 silent through most of the
session with bids and asking prices currently undeveloped and likely to remain
that way until midweek or later. The pressure in futures trade on Monday is
expected to spark some additional market liquidation with early movement
expected to remain steady to lower in several contract months. Some attempts of
short-covering interest moving into the market early is likely due to limited
volume as markets open, but the overall tone remains weak. The increased beef
in storage in the Cold Storage report will cause additional concerns for many
traders.
 
 
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