Cattle: Cash Steady Futures: 50-100 HR Live Equiv $135.12 - 0.86*
Hogs: Cash 0.50 LR Futures: mixed Lean Equiv $ 84.63 - 0.57**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
As the cattle market slowly inches into early spring, producers are still anxiously feeling for the first, critical rung of seasonal beef demand. While fed offerings are once again expected to be relatively tight just before Easter, the key to price stability/firmness or further weakness is health of the boxed beef ...