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Hog futures were mostly higher ahead of Thursday’s report

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At the Chicago Mercantile Exchange, live cattle were up, and feeders were mostly higher watching direct business unfold.  April live cattle closed $1.40 higher at $185 and June lives closed $1.57 higher at $180.25.  April feeder cattle closed $.25 higher at $247.12 and May feeders closed $.42 higher at $248.70. 

There was a light to moderate direct cash cattle trade that developed Thursday afternoon.  Deals in the South were marked at $186 live, that is $1 higher than Wednesday’s business but $2 below the previous week’s weighted averages. 

Hog futures were mostly higher ahead of Thursday’s report