Cattle: Steady-$1 HR Futures: 10-30 HR Live Equiv $170.42 + 0.16*
Hogs: Steady-$1 LR Futures: 10-30 HR Lean Equiv $ 74.93 + 0.97**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cattle buying interest could slowly start to build this morning. Look for opening bids around $157 in the South and $250-252 in the North. Yet given asking prices of $162 in the South and $255-260 in the North, significant business may once again be delayed until Friday. It's a good bet ...