Cattle: Steady-$2 HR Futures: mixed Live Equiv $134.81 + 0.32*
Hogs: 0.50-$1 LR Futures: mixed Lean Equiv $107.58 + 0.06**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
If this is Friday, it must be time to trade cattle. Right? Nevertheless, we may not see bids start to fully develop under sometime this afternoon. Asking prices will be restated around $125-126 in the South and $200-plus in the North. Live and feeder futures seem staged to open on a mixed basis as ...