Cattle: Steady Futures: 10-30 HR Live Equiv $131.43 - 0.29*
Hogs: Steady Futures: mixed Lean Equiv $107.65 + 0.02**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Though the bearish trials of midsummer are not yet behind us, feedlot managers should feel a little better about price prospects this morning given greater packer spending seen in Nebraska and Iowa on Friday. The 11th-hour rally (albeit limited to the North) marked the first time since early May that fed sales have move a ...