Cattle: Steady/fm w/Thurs Futures: 10-30 HR Live Equiv $159.32 - 0.19*
Hogs: Steady-$1 HR Futures: 10-30 HR Lean Equiv $131.59 + $2.54**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Short-bought packers moved to gather slaughter cattle on Thursday, boosting live bids by as much as $3-3.50 higher (i.e., $148 in the South, mostly $150 in the North) and generating generally moderate trade volume in the process. Look for some clean-up business today with prices steady/firm with yesterday. Asking prices on the ...