Cattle: Steady Futures: mixed Live Equiv NA*
Hogs: Steady Futures: mixed 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
Expect a typically quiet Tuesday in the cash cattle market with neither buyers nor sellers showing significant signs of life. We don't look for even token packer bids to surface before Wednesday or Thursday. Some asking prices may be posted around $133-134 in the South and $208-209 in the North. Processing margins have improved some in recent weeks thanks to ...