Cattle: Steady Futures: 10-30 LR Live Equiv NA*
Hogs: Uncertain Futures: 10-30 HR Lean Equiv NA**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Light to moderate trade volume surface in mostly areas of cattle country on Thursday. Most live sales in the South were steady with last week (i.e., $126). Dressed biz in the North seemed to have a weaker undertone with prices ranging from $198-200. Last week's weighted average in Nebraska was approximately $199.50, and our guess is that this ...