Cattle: Cash Steady Futures Mixed Live Equiv $133.24 + .43*
Hogs: Cash Steady-.50 HR Futures 10-30 HR Lean Equiv $91.06 +$1.01**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cattle buyers may start to get serious about procurement chores this morning, but bids may not firm sufficiently until Friday to satisfy higher asking prices of $128-plus in the South and $205-plus in the North. Needless to say, sustained strength in futures and boxes may be key, both in terms of timing and ...