Cattle: Steady-$1 HR Futures: mixed Live Equiv $170.80 + 0.38*
Hogs: Steady-$1 LR Futures: 25-50 LR Lean Equiv $ 73.22 - $1.71**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
It's "do or die" time for cattle buyers and sellers. Look for light to moderate trade volume to surface sometime between late morning and mid afternoon. Opening bids should be around $157-158 in the South and $250-254 in the North. Asking prices will probably be restated around $162-163 in the South and ...