Cattle: Cash Steady-$2 HR Futures: mixed Live Equiv $133.72 + 0.54*
Hogs: Cash Steady-0.50 HR Futures: mixed Lean Equiv $ 87.41 + 0.25**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Most cattle market watchers are looking for a typically quiet Tuesday with both bids and asking prices staying poorly defined. Attractive basis opportunities could spark early-week activity, but significant trade volume seems more likely to be delayed until the second half of the week. Scattered showlists are priced around $130-132 in ...