Cattle: Cash Steady Futures 10-30 LR Live Equiv $133.98 - .30*
Hogs: Cash Steady-.50 HR Futures 10-30 LR Lean Equiv $102.73 - $1.11**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Light trade volume developed in parts of Nebraska late Thursday with a few dressed steers and heifers marked at $194 to $195. While this test didn't seem significant enough to identify a market trend, these prices do suggest a weak undertone. Needless to say, the lion's share of the fed offering ...