Cattle futures are called steady to higher. The strong runup in boxed beef prices with gains of around $1 again yesterday should help packer margins. However, if packers ramp up slaughter beef cutouts prices could quickly turn south.



Lean hog futures are called steady to higher. Cash markets are called steady to higher as packers need supplies and raised bids on Monday. Marketing may be slowed early this week by cold weather, but warmer temperatures are expected by the second half of the week.