Cattle: Steady to $2 Lower Futures: 30 to 60 cents lower Live Equiv $165.95 - ___FCKpd___0.54*
Hogs: Steady to $1 Higher Futures: 20 to 50 Lower Lean Equiv $123.88 +$2.06**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Overall market activity is expected to remain sluggish through most of the morning Tuesday. Packers continue to take thier sweet time when it comes to distributing bids for the week, which may not fully develop until midweek or even later. Even though packers are ...