Hog, cattle futures under pressure

At the Chicago Mercantile Exchange, live and feeder cattle closed lower, pressured by the drop in the broader market.  April live cattle closed $2.45 lower at $142.30 and June live cattle closed $2.52 lower at $138.60.  March feeder cattle closed $3.67 lower at $159.10 and April feeder cattle closed $4.47 lower at $163.80. 

A light direct cash cattle trade took place on Thursday.  Deals in the South were at $142 live, fully steady with last week’s business. 

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