Cattle: Steady-$2 LR Futures: mixed Live Equiv $157.33 - $2.26*
Hogs: Steady-$1 LR Futures: mixed Lean Equiv $138.90 + $1.06**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Activity in feedlot country today will be limited to the distribution of new showlists. The early-spring offering is likely to be steady to somewhat larger than last week. We expect ready numbers to be initially priced around $150 in the South and $245 in the South. Live cattle futures closed on Friday near the ...