Cattle: Steady-$2 HR Futures: 10-30 LR Live Equiv NA*
Hogs: Steady-$1 LR Futures: 10-30 LR Lean Equiv NA**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cattle buying interest should slowly start to improve today, but perhaps not enough to spark significant business before Friday. Opening bids should be around $123-124 in the South and $195-196 in the North. Asking process will be restated on a firm basis, $128-129 in the North and $200-202 plus in the North. CME officials announced 26 ...