Hog futures mixed ahead of quarterly inventory report

Hog futures mixed ahead of quarterly inventory report

At the Chicago Mercantile Exchange, live cattle were mostly higher, and feeders were higher waiting for direct business to develop, bouncing just a little bit off of Tuesday’s sharp moves lower.  April lives closed $.50 higher at $183.60 and June lives closed $.30 higher at $178.67.  April feeders closed $1.42 higher at $246.87 and May feeders closed $1.02 higher at $248.27. 

There was a light round of direct cash cattle trade that took place on Wednesday. 

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