CME cattle and hogs called mixed with all eyes on Europe

June 4 (Reuters) - CME live cattle and hog futures drew mixed opening calls
on Monday as traders watched equities vacillate amid European economic
uncertainty.
* Cattle futures and hog traders also cited supportive cash cattle and hog
prices.
* "Cash prices were fully steady for cattle and prices for hogs came in
better as well," a CME livestock trader said.
* "But the focus is on Europe and Friday's U.S. unemployment report didn't
help," he said.

LIVE CATTLE - Called up 0.300 to down 0.300 cents per lb higher.
* Futures' bullish price discount compared with cash cattle prices remained
intact following late Friday's cash trade.
* Cash cattle in Texas and Kansas generally sold steady with the week before
at mostly $121 per cwt.
* Live-basis cattle in Nebraska mainly moved at $121 to $122, steady to $1
per cwt lower.
* Some traders were encouraged by last week's higher wholesale beef prices
which they attributed to strong post-Memorial Day grill demand.
* Others, however, said the three-day holiday weekend resulted in one less
slaughter day which reduced the amount of fresh beef available to retailers.

FEEDER CATTLE - Seen up 0.300 to down 0.300 cent per lb higher.
* Futures are seen tracking live cattle futures trading.

LEAN HOGS - Called 0.300 cent per lb higher to 0.300 cent lower.
* Hog producers moved hogs ahead realizing hog prices were trending lower
going into the Memorial Day holiday, creating a near-term marketing "hole," an
analyst said.
* Because of that "hole" packers are forced to spend more for hogs than they
would have otherwise and grocers have less pork available to buy, he said.
* USDA estimated the average wholesale pork price Friday at $82.39 per cwt,
up 44 cents.
* The government's estimate for the average price of hogs at the closely
watched Iowa/southern Minnesota market Friday was $1.75 per cwt higher at
$85.98.

(Reporting by Theopolis Waters)