Cattle: Cash Steady-$2 HR Futures: 10-30 HR Live Equiv $131.02 +0.49*
Hogs: Cash Steady-0.50 HR Futures: mixed Lean Equiv $ 89.31 +0.20**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Beef producers are hoping they can build on pre-holiday price strength, and will not think twice about significantly raising asking prices to $130-plus in the South and $205-plus in the North. Activity this morning will naturally be limited to the distribution of new showlists. We expect the late-month offering to be about ...