Cattle: Steady-$1 LR Futures: mixed Live Equiv $137.03 - 0.33*
Hogs: Steady-0.50 LR Futures: 10-30 LR Lean Equiv $ 97.74 + 0.13**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
The fed cattle trade cracked a bit on Thursday with light trade volume reported in parts of Kansas and Texas at mostly $131, $1 lower than last week's weighted averages. Yet both buying and selling interest proved to be narrow at this price level. The lion's share of cash business waits to ...