Hog futures up ahead of USDA’s quarterly numbers

Hog futures up ahead of USDA’s quarterly numbers

At the Chicago Mercantile Exchange, live cattle were mostly lower and feeders were lower watching direct business develop.  Feeders had additional pressure from the higher move in corn.  October live cattle closed $.10 higher at $184.90 and December lives closed $.30 lower at $188.17.  October feeder cattle closed $1.62 lower at $252.25 and November feeders closed $2.07 lower at $254.80. 

There was a light to moderate round of direct cash cattle business on Wednesday.