Cattle: Steady-$2 HR Futures: mixed Live Equiv NA*
Hogs: Steady Futures: mixed Lean Equiv NA**
* 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. All the acrimony and orneriness Washington politicians can generate doesn't seem to make a timing difference in that regard. Look for opening bids around $124 in the South and $196 in the North. Asking prices will remain firm at $128-129 in the South and $200-202 in the North. ...