Cattle: Steady to $2 LR Futures: mixed Live Equiv $159.84 - 0.67*
Hogs: Steady to 0.50 HR Futures: 10-30 HR Lean Equiv $ 99.21 + $1.62**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
It's been nearly a month since cattle country has found it necessary to sponsor a Friday showdown. Yet here we are with cash traders deadlocked, separated between a determination to buy cattle lower on one hand and a stubborn insistence on higher asking prices on the other. The ...