Hog futures lower ahead of USDA report

Hog futures lower ahead of USDA report

At the Chicago Mercantile Exchange, live and feeder cattle were lower waiting for direct business to develop and the higher move in corn.  August live cattle closed $.75 lower at $132.72 and October lives closed $.72 lower at $139.40.  August feeder cattle closed $2.30 lower at $171.82 and September feeder cattle closed $1.85 lower at $174.95. 

It was a quiet Wednesday for direct cash cattle trade activity.  Bids have been slow to surface.