Cattle: $1 to $2 Higher Futures: 40 to 90 Higher Live Equiv $165.19 + ___FCKpd___0.62*
Hogs: Steady to $1 Higher Futures: Steady to $1 Higher Lean Equiv $136.26 +$1.93**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cash business devleoped in the South Thursday which may conclude most of the business needing to be done in this area. Prices were seen genearlly $2 per cwt. There is still expected to be some additional business needing to be done Friday in the North ...