Cattle: Steady Steady-$2 HR Futures: 10-30 HR Live Equiv $143.47 + $2.30*
Hogs: Steady-0.50 HR Futures: 10-30 LR Lean Equiv $ 90.58 + 0.09
* 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 market will remain in slow motion this morning with both bids and asking prices poorly defined. Some showlists have been priced around $140 in the South and $222-plus in the North. Significant trade volume will probably be delayed until Thursday and/or Friday. Live and feeder futures should ...