Cattle: Steady Futures: 10-30 LR Live Equiv $167.41 - $2.00*
Hogs: Steady Futures: mixed Lean Equiv $ 87.25 + $1.27**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
We look for a typically slow Tuesday in the cash cattle market with bid and asking prices only sketchily defined. A few showlists have been priced around $152-153 in the South and $245-plus in the North. The surfacing of significant trade volume seems unlikely before Thursday or Friday. Live and feeder futures are geared ...