Cattle: Steady-$1 LR Futures: mixed Live Equiv $159.08 + 0.42 *
Hogs: Steady-$1 HR Futures:mixed 25-50 LR Lean Equiv $125.27 + 0.32**
* 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 could flesh out further this morning with possible business developing here and there. Yet significant trade volume seems more likely to be delayed until sometime Friday. Asking prices should be restated around $148 in the South and $238-plus in the North. Live and feeder futures are likely to open ...