Hog futures higher to start the week

Hog futures higher to start the week

Hog futures higher to start the week

At the Chicago Mercantile Exchange, live cattle closed lower and feeder cattle ended the day higher ahead of the week’s direct business.  February live cattle closed $.20 lower at $115.72 and April live cattle closed $.62 lower at $123.05.  March feeder cattle closed $.20 higher at $139.32 and April feeder cattle closed $.60 higher at $143.27. 

Direct cash cattle trade activity had a quiet start to the week.  Bids and asking prices were scarce and it’s likely significant trade volume will be delayed until the latter half of the week.