Cattle: $1-2 HR Futures: 10-30 HR Live Equiv NA*
Hogs: Steady Futures: mixed 10-30 LR 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 trading surfaced late Wednesday in parts of Kansas and Texas as some feedlot mangers responded to higher packer bids (i.e., $129, $1 greater than last week). Such "early-bird" spending by apparently short-bought cattle buyers should work to further steel higher asking prices of $130-plus in the South and $202-plus in the North. CME officials ...