Hog futures lower heading into the long weekend

At the Chicago Mercantile Exchange, live cattle were up, supported by the week’s stronger cash business.  Feeders were under pressure from the higher move in corn.  June lives closed $.05 higher at $167.35 and August lives closed $.40 higher at $165.17.  August feeders closed $.77 lower at $233.92 and September feeders closed $.97 lower at $237.10. 

Direct cash cattle trade activity was quiet on Friday following the light, scattered round of business that took place on Thursday.

…