Hog futures mostly lower on long-term demand uncertainties

Hog futures mostly lower on long-term demand uncertainties

At the Chicago Mercantile Exchange, live cattle were higher, and feeders were mixed ahead of widespread direct cash business.  February live cattle closed $.37 higher at $157.95 and April lives closed $.75 higher at $161.30.  March feeders closed $.34 higher at $183.60 and April feeders were unchanged at $187.92. 

Direct cash cattle trade activity was quiet as packer inquiry is limited.  Bids didn’t surface.  Asking prices were floated at $157 live in the South, while the North remained quiet. 

    

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