Cattle: Cash Steady-$2 HR Futures: 10-30 HR Live Equiv $127.92 - .38*
Hogs: Cash Steady-0.50 LR Futures: mixed Lean Equiv $ $ 87.23 - 0.10**
* 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 market will remain in low gear this morning with buyers once again torn between tight fed supplies and poor processing margins. Normally, we would assume that significant trade volume would be delayed until Thursday or Friday. Yet marketers will probably keep a nervous eye on winter ...