Cattle: Steady w/ Thurs Futures: mixed Live Equiv $172.05 - 0.90*
Hogs: Steady-$1 LR Futures: 25-50 HR Lean Equiv $114.88 - $1.07**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Given rather light WTD trade volume totals, it's a good bet that one final round of light to moderate cattle trading will develop in the country sometime today. Though yesterday's tight round of feedlot sales remained well below last week, short bought packers did seem willing to pay a bit more here ...