Cattle: Steady Steady-$2 HR Futures: 10-30 HR Live Equiv $141.17 + $1.09*
Hogs: Steady Futures: 10-30 LR Lean Equiv $ 90.49 - $1.12
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
The cash cattle market appears to be on a big roll and you can bet that feedlot managers will be pricing new showlists distributed this morning sharply higher (e.g., $140-plus in the South; $222-plus in North). The early January offering is expected to be about steady with the previous week. Actually ...