Cattle: Steady, Futures mixed
Hogs: Steady, Futures mixed
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
The cash cattle mmarket should be slow this morning with packers offering a few prelim bids around $130 in the South, and $204-205 in the north. Asking prices should remain firm at $134 in the South, $210-212 in the north. We don't expect much trade before Thursday or Friday. Cattle futres expeced to open mixed in light volume.
The cash hog trade should open with near-steady ...