Cattle: Steady to $2 HR Futures: mixed Live Equiv $166.93 + 0.73*
Hogs: $1-2 HR Futures: 50-100 HR Lean Equiv $135.22 + $2.13**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
The feedlot trade should remain in slow motion this morning with both bids and asking prices remaining poorly defined. We've heard a few suggested asking prices around $151-plus in the South and $245-plus in the North. Significant trade volume could easily be delayed until Thursday or Friday. Live and feeder futures ...