Cattle: Steady-$1 HR Futures: mixed Live Equiv $139.69 - 0.42*
Hogs: 0.50 LR Futures: 10-30 LR Lean Equiv $ 98.92 - 0.54**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
We could start to see a few preliminary bids in cattle country this morning, perhaps scattered efforts around $130 in the South and $208 in the North. Yet it seems unlikely that anything will really tease selling interest until Thursday or Friday. Asking prices remain firm near $134 in the South and ...