Cattle: Steady-$2 HR Futures: 10-30 HR Live Equiv $174.93 + 0.90*
Hogs: Steady-$1 HR Futures: 10-30 LR Lean Equiv $100.99 - $1.23**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cattle buyers and sellers will try hard to agree on price sometime today so they can break for Thanksgiving and not worry about coming back to the arena on Friday. Asking prices will be restated around $175 in the South and $272-274 in the North. Live and feeder futures are set to ...