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DTN Early Word Opening Livestock       05/28 06:05
   Cattle Paper Stacked for Moderate Gains

   Live and feeder contracts should open moderately higher, supported by
follow-through buying and cash premiums. Lean hog futures are set to begin
mostly higher thanks to short covering and bull spreading.

By John Harrington
DTN Analyst

Cattle:  Steady-$1 LR   Futures: 10-30 HR   Live Equiv $175.25  + 0.11*
Hogs:    Steady-$1 HR   Futures: 10-30 HR   Lean Equiv ___FCKpd___0nbsp; 92.12
+ 0.61**

* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue


   Cattle buyers should start to show a little interest this morning.  Look for
opening bids around $157 in the South and $250 in the North. Yet if asking
prices remain steeled near $163-164 in the South and $258-260 in the North,
significant trade volume could be once again delayed until Friday.  Look for
the cattle complex to open moderately higher, boosted by spillover buying and
short covering.
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