Hog futures mixed ahead of Thursday’s USDA report

At the Chicago Mercantile Exchange, live and feeder cattle were higher watching corn and the direct markets.  August live cattle closed $.62 higher at $174.50 and October lives closed $.65 higher at $177.67.  August feeder cattle closed $2.12 higher at $242.37 and September feeders closed $2.07 higher at $245.80. 

Another light round of direct cash cattle business developed on Thursday.  Deals in parts of Nebraska were at $182 live, about $1 lower than the previous week’s weighted averages. 

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