Cattle: Steady-$2 HR w/Thurs Futures: 10-30 LR Live Equiv $163.33 + 0.70*
Hogs: $1 HR Futures: 10-30 HR Lean Equiv $118.26 + $1.09**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Limited trade volume totals through Thursday suggest that cattle buyers may find it necessary to engage in light to moderate procurement today. Unsold showlists are priced around $152 plus in the South and $140-143 in the North. Live and feeder futures are geared to open some lower, checked by residual selling ...