Hog futures continue upward trend to close week

Cattle future traded mixed to lower with sideways action for a lot of the day watching little cash trade and light box movement. Live cattle contracts saw profit taking to close the week. Feeder cattle futures were mixed with the nearbys lower and defferds higher.

Direct cash cattle trade was quiet to close the week. The week’s business came in at $142 in the South, $2 higher than last week’s weighted averages. Northern dressed trade took place at $226, $2 higher than last week’s weighted average basis in Nebraska.

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