Cattle: Steady-$1 LR Futures: 10-30 HR Live Equiv $158.66 + $1.18 *
Hogs: Steady Futures: 25-50 LR Lean Equiv $124.95 - $2.33**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
The midweek cattle trade could start to assume some definition with at least the surfacing of starter bids here and there (e.g., $143-144 in the South, $232-233 in the North). Such preliminary efforts probably won't do much in terms of selling interest. Asking prices should be restated around $148 in the South ...