Cattle: Steady/frm w/ Tues Futures: 10-30 LR Live Equiv $164.73 - $1.48*
Hogs: $1-2 HR Futures: 100-150 HR Lean Equiv $138.64 - $1.16**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
While it's possible they we could see some clean-up deals here and there before breaking for the weekend, most buyers and sellers seem to done for the month. Note that several pens in Kansas sold late Thursday near the top of the week's trade (i.e., $152). Unsold steers and heifers are ...