Cattle: Steady-$2 HR Futures: 10-30 HR Live Equiv $134.12 + 0.67*
Hogs: Steady Futures: mixed Lean Equiv $110.71 - 0.43**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
We reached another Friday when it's make or break time for the cash cattle market. Opening bids should be around $119-121 in the South and $197-199 in the North. If the board premium holds, asking prices will remain firm around $124 in the South and $198-200 in the North. CME officials announced Thursday afternoon ...