Cattle: Steady Futures: 10-30 HR Live Equiv $141.50 + 0.87*
Hogs: Steady Futures: 10-30 HR Lean Equiv $ 98.98 + $1.02**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
The fed cattle market was be typically slow this morning as packers and producers limit efforts to the distribution of new showlists. Ready numbers are expected to be steady to somewhat larger than last week. Early asking prices should be around $134 in the South and $210-212 in the North. Bulls are hoping ...