Cattle: Cash Steady Futures Mixed Live Equiv $139.10 - .58*
Hogs: Cash Steady Futures 10-30 HR Lean Equiv $102.40 + .79**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Activity in the cash cattle trade will be limited to the distribution of new showlists. We expect the fed offering will be somewhat larger than last week as some feedlots were forced to carry over a larger number of unsold steers and heifers. Initial asking prices should be around $133-plus in the South ...