Cattle: Steady w/Thurs Futures: mixed Live Equiv $175.48 - $1.62*
Hogs: Steady Futures: mixed Lean Equiv $ 91.90 + 0.92**
* based on formula estimating live cattle equivalent of gross packer revenue
** based on formula estimating lean hog equivalent of gross packer revenue
While one final round of light cattle trading is possible this morning, we suspect that cash business is essentially done for the week. The balance of show lists are probably priced around $163 in the South and $255-plus in the North. Average trade guesses relative to the May 1 on feed report to be ...