Cattle: Steady-$2 HR Futures: mixed Live Equiv $131.53 + 0.61*
Hogs: Steady-0.50 LR Futures: 10-30 LR Lean Equiv $110.09 - 0.04**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Needless to say, the cash cattle trade is unlikely to roll out of bed this morning. We could easily see several more days of complete indifference to serious business negotiations. We've heard some showlists priced around $128-129 in the South and $203-205 in the North. Live and feeder futures are likely to open ...