DTN Early Word Opening Livestock 02/09 06:04 Cattle Paper Likely to Open With Mixed Prices Live and feeder futures should open on a mixed basis thanks to residual selling on one hand and short-covering on the other. Lean hog contracts are also likely to begin with uneven price action in light volume. By John Harrington DTN Livestock Analyst Cattle: Steady Futures: Mixed Live Equiv $130.52 - .52* Hogs: Steady-$1 HR Futures: Mixed Lean Equiv $ 90.53 - .15** * based on formula estimating live cattle equivalent of gross packer revenue ** based on formula estimating lean hog equivalent of gross packer revenue GENERAL COMMENTS: Light trade volume developed at midweek in several areas of cattle feeding country with live prices ranging from steady to $1 higher (i.e., $120 on the South and $119 in the North). Look for moderate trading to surface sometime Thursday or Friday. Asking prices are around $122 in the South and $192 plus in the North. Live and feeder futures are geared to open on a mixed basis, tied to a combination of follow-through selling and short-covering.