Cattle: Steady Futures: 10-30 LR Live Equiv $148.42- $1.31*
Hogs: Steady-$1 HR Futures: 25-50 HR Lean Equiv $ 81.77 + $1.13**
*based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Once again, cattle buyers chose to burn the midnight oil late last week in an effort to finalize procurement chores. But when the last country cat was put out Friday, they didn't seem to own many cattle for all their overtime. Several thousand steers and heifers in Kansas were marked at $136, which was ...