Cattle: Cash Steady-$2 HR Futures: mixed Live Equiv $134.11 - 0.12*
Hogs: Cash 0.50-$1 HR Futures: mixed Lean Equiv $ 89.00 +$2.10**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Light to moderate trading surfaced in several cattle feeding states on Wednesday with live prices steady/firm with last week. The best market test developed in the Texas and Kansas at $128-128.50 (mostly $128). Live trading in Colorado and Western Nebraska was reported at $129. The balance of showlists are priced around $130 ...