Cattle: Cash Steady-$2 HR Futures Mixed Live Equiv $130.92 - .72*
Hogs: Cash Steady Futures Mixed Lean Equiv $110.13 - .34**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
All trading eyes will be on the lean hog pit this morning as bulls and bears struggle to sort out the implications of the surprising inventory released Friday afternoon. Official totals differed from trade guesses in almost every category, leaving both sides with a great deal to think about this week. Since bulls ...