Cattle: Steady Futures: mixed Live Equiv $133.48 + 0.01*
Hogs: 0.50-$1 LR Futures: 10-30 LR Lean Equiv $101.85 -$2.10**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cattle country will be typically quiet today as buyers and sellers limit efforts to the distribution of new showlists. We expect the feedlot offering to steady to somewhat smaller thanks to larger negotiated trade volume totals last week (especially in the North). On the other hand, the combination of a bigger buy and last week's ...