Cattle: Steady-$1 LR Futures: 10-30 LR Live Equiv $136.19 - 0.60*
Hogs: Steady-$1 HR Futures: Mixed Lean Equiv $111.82 +$3.51**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
The late-developing cash cattle trade Friday has many feeders hoping that this is not the development of a summertime trend. Light trade is expected to have taken place through both the South and the North with prices listed at $120 per cwt live and $195 per cwt dressed basis. This is $2 per cwt ...