Cattle: Steady w/Wed Futures: 50-100 HR Live Equiv $165.39 -0.38 *
Hogs: Steady-$1 HR Futures: 50-100 HR Lean Equiv $94.93 +0.14 **
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Fairly limited trade volume to-date suggests that cattle buyers probably need to collect more stock (especially in the North) before calling it a week. Asking prices should be expressed around $160 in the South and $255 plus in the North. The December 1 on feed report will be released this afternoon at ...