Cattle: Steady-$2 LR Futures: 10-30 LR Live Equiv $136.68 + 0.44*
Hogs: Steady Futures: 10-30 LR Lean Equiv $114.23 - 0.25**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
With Thursday's cash cattle market limited to scattered sales reported in parts of Nebraska and Iowa (i.e., $194-195, mostly $194), the heart of the week's business has once again been reserved for the eleventh hour. Opening bids are likely to start out around $117 in the South and $192-194 in the North. Assuming ...