Cattle: Cash Steady Futures Mixed Live Equiv $132.31 - .56
Hogs: Cash .50 HR Futures 10-30 HR Lean Equiv $104.73 + .85**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
While it's possible a few more bids will be floated this morning in feedlot country, not many are willing to bet significant trade volume will surface before Thursday or Friday. For what it's worth, Mandatory reported 1,400 head sold in Iowa Tuesday at $193 (about a buck below last week's weighted average). ...