DTN Early Word Livestock Comments      06/04 06:08
   New World Screwworm Discovered in the US

   Cattle futures were lower, with feeder cattle under greater pressure. This
pressure stemmed from the concern over the New World screwworm. Hog futures
posted further gains, with contracts again closing near the highs of the day.

Robin Schmahl
DTN Contributing Analyst

   Cattle: Steady          Futures: Lower       Live Equiv: $291.55 +$0.80*

   Hogs: Lower            Futures: Higher      Lean Equiv: $105.15 -$2.08**

   *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:

   The big news is the confirmed discovery of the New World screwworm (NWS) in
the U.S. The following excerpt was taken from the APHIS screwworm.gov website
(https://www.aphis.usda.gov/news/agency-announcements/usda-confirms-presence-new
-world-screwworm-united-states).