Cattle: Steady-$1 HR Futures: mixed Live Equiv $138.57 + $1.54*
Hogs: Steady Futures: mixed Lean Equiv $ 97.06 - 0.50**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Tuesdays are typically quiet sessions in the world of cash cattle. But it's possible that packer bids could take meaningful shape as early as today, given the proximity of the Thanksgiving break. Look for opening bids around $129 on a live basis and $205 dressed. Initial asking prices are around $133 plus in the ...