Cattle: Steady Futures: mixed Live Equiv $158.00 + 0.67*
Hogs: Steady to $1 LR Futures: 10-30 LR Lean Equiv $ 91.22 + 0.26**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Well, so much for short-bought packers shopping early. Despite light negotiated trade volume totals over the last two weeks, cattle buyers have found a way to postponed procurement until the 11th hour once again. But today's the day for something to happen. Look for light to moderate business to surface sometime ...