Cattle: Cash Steady-$2 HR Futures: mixed Live Equiv $133.24 - 0.10*
Hogs: Cash Steady-0.50 HR Futures: mixed Lean Equiv $ 94.44 + 0.83**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Given the promising market momentum that seemed to be building yesterday, cattle feeders could be set to enjoy the biggest jump in fed sales since late March. Packers seem to be quite short bought with larger standing orders for product as we move toward the heart of grilling season. Higher asking ...