Cattle: Cash Steady Futures Mixed Live Equiv $133.99 - .02*
Hogs: Cash Steady-.50 HR Futures 10-30 HR Lean Equiv $103.46 + .53**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
It may seem more like Tuesday than Wednesday thanks to the short week delayed start. But call it what you want, the cash cattle market is likely to remain dormant. We could see a few starter bids around $121 in the South and $192 to $193 in the North, but serious buying ...