Cattle: Cash Stdy/Weak Futures 10-30 LR Live Equiv $159.03 + .48*
Hogs: Cash Steady-$1 LR Futures 10-30 HR Lean Equiv $121.52 - $1.14**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Although trade volume totals across cattle feeding country are nothing to write home about, we get the feeling business is done for the week. We could see some clean-up activity in line with the sloppier prices seen on Thursday (i.e., $143-$144 in the South, $232-$234 in the North, but since neither ...