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Hog, cattle futures start the week lower

At the Chicago Mercantile Exchange, live and feeder cattle are lower ahead of the week’s direct business.  December lives closed $.50 lower at $152.57 and January feeders closed $1.42 lower at $176.87. 

Direct cash cattle trade activity is off to a typically quiet start to the week.  Bids and asking prices have yet to be established.  Showlists this week are mixed – higher in Kansas, but lower in Texas and Nebraska/Colorado.  Significant trade volume isn’t expected to develop until midweek or later. 

Hog, cattle futures start the week lower

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