Hog futures end the week sharply higher

At the Chicago Mercantile Exchange, live cattle were mixed, and feeders were lower on position squaring ahead of Friday’s On Feed numbers.  The numbers were close to pre-report expectations and mostly look neutral for prices in the short-term, however, the placements numbers will likely weigh on deferred futures contracts.  April live cattle closed $.80 higher at $140.47.  April feeder cattle closed $1.15 lower at $161.57.

It was a quiet Friday for direct cash cattle trade activity. 

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