Live cattle, hog futures mixed at midweek

Live cattle, hog futures mixed at midweek

Live cattle, hog futures mixed at midweek

At the Chicago Mercantile Exchange, live cattle closed mixed and feeder cattle ended the day higher watching direct business develop.  February lean hogs closed $.22 lower at $112.25 and April lean hogs closed $.17 lower at $117.47.  January feeder cattle closed $.35 higher at $133.57 and March feeder cattle closed $.35 higher at $134.32. 

A light to moderate direct cash cattle trade was reported on Wednesday.  Deals in the South were at $108 to $111 live, mostly $110 to $111, which is $1 to $2 lower than last week’s weighted averages.