Hog futures pressured by demand uncertainty

At the Chicago Mercantile Exchange, live cattle were higher watching direct cash business develop, and feeder cattle were lower pressured by the higher corn.  June live cattle closed $1.17 higher at $133.57.  August feeder cattle closed $1.85 lower at $170. 

There was another light round of direct cash cattle trade that took place on Wednesday.  Live deals were at $140 in the South, generally steady with Tuesday’s business.  There was also some light live trade reported in Nebraska at $144. 

…