Cattle: Cash Steady/firm w/Thurs Futures: 10-30 LR Live Equiv $137.59 + 0.34*
Hogs: Cash Steady Futures: 10-30 LR Lean Equiv $ 86.29 - 0.50**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Light to moderate WTD trade volume totals certainly suggest that we could trade more cattle before checking out for the weekend, but it's also possible that tension between cautious packers and bullish feedlot managers means that business is done for the week. Asking prices on unsold steers and heifers are ...