Hog futures supported by higher pork values during the session

Hog futures supported by higher pork values during the session

At the Chicago Mercantile Exchange, live cattle were mostly higher, and feeders were lower watching Friday’s direct business develop and waiting for the On Feed numbers. June lives were $.30 higher at $175.67 and August lives closed $.02 higher at $173.55. May feeders closed $.55 lower at $242 and August feeders closed $.80 lower at $253.50. 

There was a light to moderate direct cash cattle trade that took place Friday.  Live deals were marked at $182 in the South and $183 in the North, steady with the previous week’s weighted averages.