Cattle, hog futures mostly higher at midweek

Cattle, hog futures mostly higher at midweek

At the Chicago Mercantile Exchange, live and feeder cattle were mostly higher waiting for direct cash business to develop. February lives closed $.25 lower at $157.60 and April live closed $.25 higher at $161.55.  March feeders closed $.15 higher at $183.75 and April feeders closed $.42 higher at $188.35. 

It was another quiet day for direct cash cattle business.  Packer inquiry was minimal and bids remain elusive.  Asking prices are around $157 live in the South, but still haven’t been established in the North. 

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