Cattle: Steady Futures: mixed Live Equiv $133.20 - 0.17*
Hogs: Steady-0.50 LR Futures: mixed Lean Equiv $109.07 - 0.41**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
It should be a typically quiet Tuesday in cattle feeding country with bids and asking prices poorly defined. A few feedlots have priced new steers and heifers around $122 in the South and $196-plus in the North, but much will depend upon the board's ability to hold current premiums over cash. Significant trade volume could ...