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Hog futures pressured by demand concerns

At the Chicago Mercantile Exchange, live cattle were lower, and feeders were mixed watching direct business.  October live cattle closed $.82 lower at $143.77 and September feeder cattle closed $.57 higher at $183.02. 

There was another round of light to moderate trade on Wednesday following Tuesday’s business.  Deals in the North were at $232 to $233 dressed, $1 lower than last week’s weighted averages basis in Nebraska.  Live deals earlier in the week were marked at $142 in the South, generally steady with last week’s business. 

Hog futures pressured by demand concerns

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