DTN Early Word Livestock Comments      11/13 11:25
   Livestock Futures Struggle to Maintain Rally

   The livestock futures all traded lower Wednesday, except November feeder
cattle. Pork cutouts and boxed beef prices declined, giving a lackluster
feeling for trade for the remainder of the week.

Robin Schmahl
DTN Contributing Analyst

   Cattle: Lower          Futures: Mixed       Live Equiv: $272.52 -$2.39*

   Hogs: Lower            Futures: Lower       Lean Equiv: $102.37 -$1.24*

   *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:

   Feeder cattle futures were lower Wednesday as cash prices have been slipping
across the country this week. The fall green tag sales have started and there
will be an influx of weaned calves ready to hit the feedlot. Slaughter numbers
were higher versus last week but still behind a year ago. Boxed beef prices
have started to slip lower.