Cattle: Steady-$2 HR Futures: 10-30 HR Live Equiv $180.19 + $1.44*
Hogs: Steady Futures: 10-30 LR Lean Equiv $140.02 + 0.19**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Preliminary cattle-buying interest should start to surface this morning, but it's possible that even short bought packers may have enough stamina to delay significant business until Thursday or Friday. Asking prices remain firm around $168-170 in the South and $265-270 in the North. Live and feeder contracts should open moderately higher, supported by ...