Cattle: Steady Futures: 10-80 Higher Live Equiv $136.78 + 0.36*
Hogs: Steady-$1 Lower Futures: Mixed Lean Equiv $101.85 +0.81**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cash cattle trade appears to be done for the week following a few clean-up trades in the north on Thurdsay. The ability not only to develop active trade on Wednesday but to push cash prices to record prices in the South is no small feat to accomplish. And recent activity is creating questions in the ...