DTN Early Word Livestock Comments      11/11 05:56
   Livestock Futures Limit Higher on Monday

   An exciting start of the week with live cattle and feeder cattle futures
trading limit higher. Expanded limits will be in place today, but not expected
to be reached. However, a continuation of higher prices is likely. Hogs also
had a big day trading, following along with the cattle rally.

Robin Schmahl
DTN Contributing Analyst

   Cattle: Higher           Futures: Higher       Live Equiv: $273.91 +$0.16*

   Hogs: Higher             Futures: Higher       Lean Equiv: $106.45 +$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:

   After last week's sharp decline, Monday's trade was expected to be higher,
but most did not expect the volatility that spiked futures sharply higher by
midmorning. Trumps comments about looking into the packing industry certainly
made the disgruntled cattle producer happy, but there is no clear indication
that it will help support cattle prices or increase demand.