Cattle: Steady-$2 HR Futures: 10-30 HR Live Equiv $168.88 - 0.33*
Hogs: Steady-$1 HR Futures: 10-30 HR Lean Equiv $110.17 + 0.92**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Sensing that August ended on a better note than it began, cattle feeders will not hesitate to price showlists higher this morning, probably around $158-159 in the South and $248-250 in the North. But with beef cut-outs still sliding lower the last time they looked, packers will no doubt swallow hard in ...