Cattle: Cash Steady-$2 HR Futures: 10-30 HR Live Equiv $128.22 - 0.09*
Hogs: Cash Steady-0.50 HR Futures: 10-30 HR Lean Equiv $ 89.54 + 0.87**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
A light round of cattle trading briefly surfaced in parts of Texas on Wednesday with live deals marked at $123, steady with last week. Elsewhere, buyer and seller agreed on nothing more than the contention that $123 was unacceptable (the former refused to pay it, the latter refused to ...