Cattle: Steady Futures: mixed Live Equiv $157.33 + 0.27*
Hogs: Steady to $1 HR Futures: mixed Lean Equiv $ 90.96 - 0.24**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
There seems to be a good chance that cattle buying interest will improve today as short-bought packers are required to get more serious about covering immediate slaughter needs. Asking prices remain firm at $148 in the South and $236 plus in the North. If neither side shows interest in stepping toward the ...