Cattle: Cash Steady Futures Mixed Live Equiv $137.19 - ___FCKpd___0.35*
Hogs: Cash Steady-$1 LR Futures Mixed Lean Equiv $ 97.14 -$1.98**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Activity in cash cattle markets remained typically light through Wednedsay with all indications that active trade may be pushed off until the end of the week. Given the recent pressure in live cattle futures, feeders may become even more defensive, although for now it does not seem to be enough for many to ...