Hog futures were mostly higher ahead of Thursday’s report

Hog futures were mostly higher ahead of Thursday’s report

At the Chicago Mercantile Exchange, live cattle were up, and feeders were mostly higher watching direct business unfold.  April live cattle closed $1.40 higher at $185 and June lives closed $1.57 higher at $180.25.  April feeder cattle closed $.25 higher at $247.12 and May feeders closed $.42 higher at $248.70. 

There was a light to moderate direct cash cattle trade that developed Thursday afternoon.  Deals in the South were marked at $186 live, that is $1 higher than Wednesday’s business but $2 below the previous week’s weighted averages.