Cattle: Steady Futures: mixed Live Equiv $138.69 - 0.07*
Hogs: Steady-0.50 HR Futures: 10-30 HR Lean Equiv $ 98.36 - $1.25**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cattle-buying interest should at least be a little more evident this morning with possibly a few more preliminary bids tossed out over the feeding area. Initial bids should be around $129-130 in the South and $206-207 in the North. Such efforts won't make friends anytime soon given firm asking prices of $134 in ...