Cattle: Cash Steady Futures: 10-30 HR Live Equiv $130.66 - 0.40*
Hogs: Cash Steady-0.50 HR Futures: 10-30 LR Lean Equiv $93.27 - 0.17**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cattle buying interest could start to take greater definition this morning. Look for opening bids around $123 in the South and $196-198 in the North. Yet if asking prices remain firm around $128 in the South and $202-203 in the North, significant trade volume may not surface until sometime Friday. Cattle ...