Cattle: Cash Steady-$1 LR Futures Mixed Live Equiv $136.83 + .79*
Hogs: Cash Steady-.50 HR Futures 10-30 HR Lean Equiv $113.91 - .80**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Unless Mandatory Reporting collected significantly more trade volume than private sources suggested Wednesday, cattle buyers will find it necessary to return from Thursday's holiday this morning in order complete necessary procurement for the week. It's possible that pre-holiday business in Kansas and Texas was large enough to allow packers to limp ...