The mixed ferrite-cobaltites LnFe 0.5 Co 0.5 O 3 , with Ln = Eu & Dy have been prepared by a sol-gel method and the samples have been characterized using X-ray diffraction and electron microscopy. The magnetic investigations reveal that both samples ordered in canted antiferromagnetic structures near room temperature. The Dzyaloshinskii-Moriya or antisymmetric exchange interaction induces weak ferromagnetism due to canting of the antiferromagnetically ordered spins. In the case of Ln-Fe-Co orthoferrites, two magnetic sublattices (Ln 3+ -4f and Fe 3+ /Co 3+ -3d) generally align in opposite directions and interesting temperature dependent phenomena: e.g. uncompensated antiferromagnetic sublattices and spin-reorientations, are observed in the system. The existence of hysteresis at low temperature region has been explained in terms of the strength of magnetic interactions between Fe 3+ and Co 3+ ions with different A-site rare earth cations.