Higher pork values provide a boost to hog futures

Higher pork values provide a boost to hog futures

At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower on technical selling.  June live cattle closed $1.05 lower at $133.77 and August live cattle closed $1.05 lower at $136.02.  August feeder cattle closed $1.82 lower at $174.37 and September feeder cattle closed $1.20 lower at $177.45. 

A quiet Thursday for direct cash cattle trade activity.  While the bulk of the week’s business has likely wrapped up, there could be some cleanup trade reported before the end of day Friday.