Cattle: Steady Futures: 10-30 HR Live Equiv $131.72 + 0.50*
Hogs: Steady-0.50 HR Futures: 10-30 HR Lean Equiv $107.63 + $1.25**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
The staggered, tentative pace of this week's cash cattle trade is certainly different than we've seen in quite some time. This promises to be the third day in a single week that buyers and sellers have actually hit the board with light to moderate trade volume. If this rather unusual trading pattern has ...