Cattle: Steady-$1 LR Futures: mixed Live Equiv $142.24 + 0.07*
Hogs: Cash 0.50-$1 HR Futures: 10-30 HR Lean Equiv $ 100.70 +0.31**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cattle buyers could start to stretch their legs this morning, throwing out preliminary bids here and there if only to get in line. Yet higher asking prices of $127 in the South and $203-205 in the North could easily mean that significant trade volume will be delayed until Thursday or Friday. Live ...