Cattle: Steady Futures: 25-50 HR Live Equiv $180.75 + 0.02*
Hogs: Steady-$1 LR Futures: 25-50 LR Lean Equiv $136.68 + 0.50**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cattle market watchers should be set for a typically quiet Tuesday in terms of the cash trade. Bids and asking prices are likely to remain poorly defined until Wednesday or Thursday. A few feedlot managers have priced showlists are $165-plus the South and $265-plus in the North. Monday marked first notice for delivery ...