Cattle: Cash Steady Futures: 10-30 HR Live Equiv $128.60 + 0.79*
Hogs: Cash Steady Futures: 10-30 LR Lean Equiv $ 91.48 -$1.62 **
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
While we could start to see a tentative peppering of packer bids at midweek, significant trade volume in feedlot country is not likely to surface until Thursday or Friday. Barring a major sell-off on the board, asking prices will remain around $127-128 in the South and $205-plus in the North. On ...