Cattle: Cash Steady Futures 10-30 HR Live Equiv $135.07 + 0.61*
Hogs: Cash Steady-$1 LR Futures 10-20 LR Lean Equiv $106.88 -___FCKpd___0.21**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cattle trade is gearing up to be an end-of-the-week affair once again with only a handful of starter bids developing through the South by the end of the day Tuesday. Packers were expected to be short bought going into the week, but this has happened many times in the past when it ...