Cattle: Cash Steady-$1 LR Futures: 25-50 LR Live Equiv $129.94 + 0.54*
Hogs: Cash Steady Futures: mixed Lean Equiv $ 91.95 - 0.59**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
The cash cattle trade should be typically slow this morning with bids and asking prices poorly defined. New showlists are generally steady with last week with increases in Texas and decreases in Kansas canceling each other out in the big picture. A few showlists have been priced around $126 in the ...