DTN Early Word Opening Livestock 09/18 05:42

DTN Early Word Opening Livestock 09/18 05:42 Mixed Trade Expected Early Tuesday Limited activity is expected to be seen early Tuesday, with mixed market activity developing as traders focus on market fundamentals and outside market direction. By Rick Kment DTN Analyst Cattle: Steady Futures: $1 Higher Live Equiv $136.87 +0.97* Hogs: $1 Higher Futures: Mixed Lean Equiv $81.02 +1.49** * 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 market activity is expected to remain sluggish early Tuesday morning with bids and asking prices undeveloped at this point. It is expected to be midweek or later before interest starts to be seen by packers, which will continue to limit overall direction through the complex until late in the week. Futures trade is expected to remain generally firm following the strong underlying support that flooded back into the market late last week. But the question of market activity will limit the overall to develop and sustain increased trade activity with traders looking for additional longer-term support through the end of the month.