Cattle: Cash -- $2 LR Futures: mixed Live Equiv $138.18 + 0.52*
Hogs: Cash 0.50 -- $1 HR Futures: 10-30 HR Lean $ 95.06 + 0.91**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
After slowing down a bit on Monday, the cash hog market quickly moved back into the passing lane yesterday. Yet despite significantly higher bids, country movement was no greater than light to moderate. This fact should once again dictate greater spending at midweek. Lean futures seem set to ...