Cattle: Steady Futures: 10-30 HR Live Equiv $139.86 - 0.18*
Hogs: Cash Steady-0.50 HR Futures: 10-30 HR Lean $ 96.92 + 0.61**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Although the cash cattle trade should typically start in low gear this morning as buyers and sellers focus on the early-week chore of showlist distribution, last week's slow pace of business could mean that significant trade volume develops earlier than normal, perhaps as soon as Tuesday or Wednesday. The midmonth offering should ...