Cattle: Steady to $2 LR Futures: mixed Live Equiv $169.27 - 0.11*
Hogs: Steady to $1 LR Futures: mixed Lean Equiv $ 85.92 - $1.28**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cattle buying interest should start to improve this morning as short bought packers get serious about covering slaughter needs. Opening bids will probably begin around $249-250 in the North and $154-155 in the South. Some asking prices are around $260 plus in the North and $162 plus in the ...