Cattle: Steady Futures: mixed Live Equiv $131.53 + 0.08*
Hogs: Steady-0.50 HR Futures: 10-30 HR Lean Equiv $107.37 - 0.22**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cattle buyers and sellers are once again destined to engage in last minute business. Opening bids should be around $121 in the South and $192-193 in the North. Girded by yesterday's board rally, asking prices should remain firm at $125 in the South and $196-plus in the South. The Sept. 1 on-feed report will ...