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Hog futures higher on oversold signals

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At the Chicago Mercantile Exchange, live and feeder cattle were lower waiting for direct business to develop with boxed beef lower at midday. August live cattle closed $.60 lower at $178.32 and October lives closed $.67 lower at $181.05.  August feeder cattle closed $.07 lower at $257.57 and September feeder cattle closed $.20 lower at $258.47.

Direct cash cattle trade activity was quiet Wednesday.  Bids surfaced in Kansas at $185 live.  Asking prices were around $187 to $188 live in the South, but still not established in the North. 

Hog futures higher on oversold signals

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