Cattle: Cash Steady w/Wed Futures: 10-30 HR Live Equiv $131.43 - 0.56*
Hogs: Cash 0.50-$1 HR Futures: 10-30 HR Lean Equiv $ 92.77 + 0.22**-
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Light fed-cattle trading with lower prices (i.e., mostly $122, $1-3 lower) surfaced in parts of the North and South on Wednesday. Much of the week's offering remains on the block, prices around $125 in the South and $195-197 in the North. Live and feeder contracts should open moderately higher, ...