Cattle: Steady Futures: mixed Live Equiv $132.63 - 0.58
Hogs: Steady Futures: 10-30 HR Lean Equiv $107.97 - 0.42**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cattle buying could make a better show this morning, if only in terms of more preliminary bids placed on the table. Yet significant trade volume will probably be postponed until sometime Friday. Despite yesterday's board sell-off and softening carcass value, asking prices are likely to remain firm at $122 in the South and $196 in ...