Cattle: Steady-$2 HR Futures: mixed Live Equiv $169.21 - 0.78*
Hogs: $1-2 LR Futures: 25-50 HR Lean Equiv $109.24 + 0.44**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Packers and feedlot managers can forget about those early tee times. Golfing and other fun in the late summer sun will have to wait until traders do the hard work of cash negotiations sometime between now and early afternoon. Opening bids should start out around $150-151 in the South and $240-243 in the ...