Ad Astra Brands

Hog futures pressured by cash and wholesale business

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At the Chicago Mercantile Exchange, live cattle were lower, and feeders were mostly lower waiting for the week’s direct business to develop.  December live cattle closed $.35 lower at $185 and February lives closed $.30 lower at $189.32.  November feeders closed $.70 higher and January feeders were unchanged at $251.80. 

It was another quiet day for direct cash cattle business.  Bids and asking prices were non-existent.  It looks like significant trade volume is going to be delayed until at least midweek or later. 

Hog futures pressured by cash and wholesale business