Cattle: Steady to $2 LR Futures: mixed Live Equiv $147.27 + 0.21*
Hogs: 0.50-$1 HR Futures: mixed Lean Equiv $100.77 + 0.72**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Chances are the cash cattle market will remain in low gear today with significant trade volume not likely to surface until Wednesday or Thursday (at the earlier). Yet packers appear to be quite short-bought. Not only was last week's "buy" limited, yesterday's kill of no more than 92,000 head seemed to suggest ...