The pork carcass value closed moderately lower on Tuesday, pressured by softer demand for ribs and butts. Consistent wholesale appreciation remains elusive.
Cattle: Cash Steady-$1 HR Futures: mixed Live Equiv $134.23 + 0.51*
Hogs: Cash Steady Futures: 10-30 LR Lean Equiv $ 86.90 - 0.51**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cattle buying interest could slowly start to improve this morning, at least in terms of preliminary bids. Yet the development of midweek selling interest may be tied to board ...