Hog futures higher on oversold signals

At the Chicago Mercantile Exchange, live and feeder cattle were mixed, watching direct business develop.  June live cattle closed $.50 lower at $134.82 and August live cattle closed $.25 lower at $137.07.  August feeder cattle closed $.07 lower at $176.20 and September feeder cattle closed $.30 higher at $178.65. 

There was a light to moderate direct cash cattle trade that took place on Wednesday.  Live deals in the South were at $140, fully steady with last week’s business. 

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