Cattle: Cash $1-2 HR Futures 10-30 LR Live Equiv $132.97 -0.27
Hogs: Cash Steady-.50 LR Futures Steady-20 LR Lean Equiv $91.47 +-.41
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cattle feeders and packers have turned the corner and are heading down the final stretch of cash cattle trade for the week. There still needs to be a lot of activity done with markets essentially quiet since early in the week. There are some expectations that active trade may be delayed until ...