DTN Early Word Livestock Comments      11/12 06:05
   Livestock Futures Struggle to Maintain Rally

   Hogs attempted to rally early on Tuesday but ended up lower by the close.
Cattle struggled to keep the rally going, losing ground by settlement.
Volatility is the name of the game lately, and this week has had its share of
fireworks.

Robin Schmahl
DTN Contributing Analyst

   Cattle: Higher          Futures: Mixed       Live Equiv: $274.91 +$1.00*

   Hogs: Lower             Futures: Lower       Lean Equiv: $103.61 -$2.84*

   *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:

   Tuesday was a volatile day of trade for cattle and hogs. Live cattle started
off strong, losing all momentum by the end of the day. Feeders appeared like
they were going to keep their rally going but felt the pressure from the live
contracts as well as hogs losing ground, ending up softer by the close. Pork
cutout values took a big hit, losing $2.84 while the CME Lean Hog Index fell
$1.49.