Cattle: Steady Futures: mixed Live Equiv $137.27 + 0.24*
Hogs: Steady Futures: mixed Lean Equiv $ 97.56 - 0.18**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Look for a typically slow Monday in the feedlot trade with packers and producers restricting efforts to the distribution of new showlists. We expect ready numbers to be about steady with last week. Ideally, both sides would like to complete marketing chores by Wednesday afternoon. Yet it remains to be seem whether beef cut-outs, processing ...