Cattle: Cash Steady Futures 10-30 HR Live Equiv $132.04 - .32*
Hogs: Cash .50-$1 HR Futures 10-30 HR Lean Equiv $104.81 - $1.06**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Just when it looked like the cash cattle market was headed toward another Friday showdown, light to moderate business began to surface late Thursday: $123 in the South, $194 to $195 in the South. Such spending was basically fully steady with last week. We assume there are still plenty of unsold ...