Hog futures pressured by demand concerns

At the Chicago Mercantile Exchange, live cattle closed higher watching direct cash business develop while feeder cattle were pressured by the day’s higher move in corn.  June live cattle closed $.82 higher at $136.25 and August live cattle closed $.95 higher at $138.27.  May feeder cattle closed $.57 lower at $160.72 and August feeder cattle closed $1.35 lower at $173.15. 

There was another round of direct cash cattle trade that took place on Tuesday. 

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