Cattle: $1-3 HR Futures: 10-30 LR Live Equiv $167.94 - 0.09*
Hogs: Steady-$1 HR Futures: 10-30 LR Lean Equiv $140.27 - $1.86**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Late-week cash cattle expectations are running quite high. In fact, most market watchers at this point question not whether feedlot sales will be stronger sometime today, but only how much higher country business will eventually be. Frankly, the trade is set to be generally disappointed if fed prices turn out to be ...