Cattle: Cash Steady Futures 10-30 HR Live Equiv $132.81 + .19*
Hogs: Cash Steady-.50 HR Futures Mixed Lean Equiv $90.05 + .31**
* 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, but probably not enough to spark significant trade volume. Opening bids should be around $125 live and $197 to $198 dressed, well below asking prices of $128 to $129 live and $205 dressed. Live and feeder contracts seem likely to open moderately ...