Cattle: Steady to $2 HR Futures: 10-30 LR Live Equiv $149.07 + 0.92*
Hogs: 0.50-$1 HR Futures: 10-30 LR Lean Equiv $102.82 - 0.95**
* 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 should be light to moderate ths morning with opening bids near steady with last week (i.e., $142 in the South, $224-225 in the North). Yet bullish feedlots will turn a deaf ear toward such talk, holding for higher asking prices of $145 in the South and $230 ...