Cattle: Steady-$1 HR Futures: 10-30 HR Live Equiv $139.77 + 0.22*
Hogs: Steady-0.50 HR Futures: 10-30 HR Lean Equiv $ 97.69 + $1.01**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Bullish feedlot managers will be pricing new showlists higher as the new month begins, probably around $134-135 in the South and $212-214 in the North. Of course, early-week business will be limited to the assessment of the post-Thanksgiving offering of fed cattle. We anticipate mixed ready numbers, perhaps smaller in the ...