Cattle: Steady Futures: mixed Live Equiv $139.28 - 0.43*
Hogs: 0.50-$1 lower Futures: 10-30 LR Lean Equiv $106.60 + 0.10**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
Cash traders will be primarily focused on window dressing this morning as buyers make their rounds collecting new showlists. The early November offering could be somewhat larger than last week thanks to more unsold cattle carried over from Friday. Our guess is that feedlot managers will start out pricing steers and heifers around $134-135 ...