Cattle: Steady Futures: mixed Live Equiv $173.37 + 0.06*
Hogs: 0.50-$1 HR Futures: mixed Lean Equiv $ 75.75 + 0.92**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
No one expects the cash cattle trade to be tested as early as today. Neither bids nor asking prices will be significantly defined until the second half of the week. A few feedlot managers have priced show lists around $161 in the South and $263-plus in the North. Live and feeder futures are staged ...