Cattle: Cash Steady w/Thurs Futures: 10-30 HR Live Equiv $128.30 + 0.05*
Hogs: Cash Steady Futures: 10-30 HR Lean Equiv $ 87.33 + 0.14**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Relatively modest trade volume totals suggest that one final round of light trade volume in cattle country is certainly possible before packers break for the weekend (especially in the North). Yet prices are not likely to vary significant from the cash market established on Thursday (i.e., $123/$196-197). CME officials announced ...