Cattle: Cash Steady/firm with Thur Futures: 50-100 HR Live Equiv $131.06 + 0.27*
Hogs: Cash Steady-0.50 LR Futures: 10-30 HR Lean Equiv $ 88.62 - 0.48
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
The cash cattle market exploded higher yesterday with live bids in the South jumping as much as $4-5. Light trade volume surfaced in Kansas at $128-129 and $128 in the Texas. Light to moderate business developed in the North with most dressed deals marked at $204, approximately $6 ...