Cattle: Steady Futures: mixed Live Equiv $132.60 - 0.03*
Hogs: Steady-0.50 HR Futures: mixed Lean Equiv $106.70 -$1.27**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cattle buyers and sellers will have to square off sometime today in order to generate at least minimum trade volume. Yet given the determined nature of the week's tug-o-war, we may not see a definite cash decision under after the release of the July 1 on feed report this afternoon at 2:00 CDT. Opening bids should ...