Cattle: Steady to $2 HR Futures: 10-30 HR Live Equiv $149.45 + 0.38*
Hogs: 0.50-$1 HR Futures: 10-30 HR Lean Equiv $105.54 + $2.72**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
If it's Friday, it must be time to trade cash cattle. At least that's the pattern that's dominates so much of 2014. Such last-minute decision-making stems in part from the tough spitting match between extremely tight fed supplies and inadequate beef sales. Opening bids should be renewed around $142 in ...