Cattle: Steady Futures: Mixed Live Equiv $136.67 -0.11*
Hogs: Steady-$1 Lower Futures: Mixed Lean Equiv $101.78 -0.07**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Following a week of record cash prices being set in the South, packers and feeders are going back to work once again Monday. Packers are faced with the fact that boxed beef values have been unable to sustain the same agressive gains as cash values, and need to seriously limit spending activity. Feeders on the other hand ...