DTN Early Word Livestock Comments      09/11 06:21
   Traders Search For Price Direction Wednesday

   The livestock market was void of excitement with futures closing mixed in
all categories Tuesday. There was little traders could hang their hats on for
direction. Cash cattle did not trade and hogs could not find the support needed
to generate aggressive buying interest.

Robin Schmahl
DTN Contributing Analyst

   Cattle: Lower        Futures: Mixed       Live Equiv: $226.44 -$0.47*

   Hogs: Higher        Futures: Mixed       Lean Equiv: $100.91 -$0.92**

   *Based on the formula estimating live cattle equivalent of gross packer
revenue. (The Live Cattle Equiv. The index has been updated to depict recent
changes in live cattle weights and grading percentages.)

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

GENERAL COMMENTS:

   The cattle complex more or less drifted through Tuesday, finally closing
mixed. The price increases Monday were technically driven and did not continue
without fundamental support. Traders did not find anything to get excited over
on Tuesday as cash cattle did not trade and boxed beef was lower. The market
desperately needs some positive news to turn the trend back up. Boxed beef
prices were lower with choice down $0.29 and select down $1.48. the expectation
is for cash to trade no better than steady this week. The packers have yet to
reveal their bids and will wait until they see the asking prices and the
showlists.