Cattle: Steady Futures: mixed Live Equiv $138.73 - 0.19*
Hogs: Steady Futures: 10-30 HR Lean Equiv $ 99.74 + $1.78**
* 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 could slowly start to increase this morning with opening bids around $129 in the South and $203-204 in the North. Lagging way behind asking prices around $133-134 in the South and $208-209 in the North, it's certainly possible that significant trade volume will not develop until sometime Friday. As has been ...