Cattle: Steady-$1 LR Futures: 10-30 HR Live Equiv $156.95 - $1.66*
Hogs: Steady-$1 LR Futures: mixed Lean Equiv $121.73 + 0.10**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Feedlot managers employed impressive leverage of Friday, selling cattle higher in the face of struggling cut-outs and deep board discounts. How much longer can beef producers stand tall as commercial production steadily increases? Activity in the country will be limited to the distribution of new showlists. We suspect the early May offering will ...