Cattle: Steady-$2 HR Futures: mixed Live Equiv $136.33 + 0.57*
Hogs: Steady-$1 HR Futures: mixed Lean Equiv $ 78.11 + $1.32**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
If at all possible, cash cattle traders like to complete necessary business before Thanksgiving, at least enough to preclude the need of returning on Friday. We assume that's in the script for today, but you never know given markets as weird as this one. A few pens did sell in Nebraska yesterday afternoon ...