Cattle: Steady/firm w/Wed Futures: 10-30 HR Live Equiv $155.46 + $1.96*
Hogs: Steady Futures: 10-30 HR Lean Equiv $ 92.65 - 0.94**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cattle buying is off to an early start this week thanks to light to moderate trade generated on Wednesday in the face significantly higher bids. The North seemed to enjoy the best market test with most dressed sales ranging from $226-228, $4-6 above last week's weighted average basis Nebraska. Business in the ...