DTN Early Word Livestock Comments      11/10 06:25
   Livestock Futures Expect a Bounce After Trump Comments

   Last week ended with a sharp decline in futures for both cattle and hogs,
week-over-week. Traders are exiting long positions quickly as trading headlines
has been a volatile game over the last few weeks.

Robin Schmahl
DTN Contributing Analyst

   Cattle: Mixed            Futures: Higher       Live Equiv: $273.75 -$0.70*

   Hogs: Lower              Futures: Mixed        Lean Equiv: $105.21 +$1.79*

   *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:

   Last week was a disappointing week for cattle futures as we logged sharp
declines with headlines beating up the market nearly every day. Secretary
Rollins met with Mexico, clearly in talks about a border reopening plan, but
announces she is not comfortable opening the border today. However, her comfort
is increasing day by day. The futures prices did not react kindly to that
statement. After the market closed Friday, Trump made comments about looking
into the foreign-owned meat packers. The market is expected to open higher
Monday after the sharp close lower last week. Boxed beef prices were mixed with
choice down $0.54 and select up $1.44. Lower cash trade is likely.