DTN Early Word Livestock Comments      11/10 06:09
   Tyson Announcement Boosts Cattle Markets

   Tyson announced a partnership with Allied Beef Company that gave cattle
markets a much-needed boost on Monday. While the market is still learning about
Allied Beef Company, it is optimistic about second shift production returning
to Tyson at its Amarillo, Texas, beef facility.

Sarah Jungman
DTN Contributing Analyst

                        Futures     Equiv
Cattle:     Steady      Higher      Live       $268.56     +$1.00 *
Hogs:       Steady      Lower       Lean        $77.57     +$0.16 **

   *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:

   Monday kicked off the week with higher trade in all livestock futures
markets. Live cattle gained $2.15 to $3.05, a much-needed boost after last
week's meltdown spurred by a bearish cash market. Feeder cattle managed to hold
support levels from Friday's low and climbed $6.025 higher. Fundamentally,
feeder cattle numbers are tight and while there is a surplus of fat cattle
ready for market, the long-term outlook still looks tight for cattle numbers.
Tyson's announcement spurred buying in the futures market as they also unveiled
their plan to fully reopen the second production shift at its Amarillo, Texas,
beef facility by summer of 2027.