Hog futures supported by stronger cash business

At the Chicago Mercantile Exchange, live and feeder cattle were up ahead of the week’s direct cash business.  August live cattle closed $2.22 higher at $175.50 and October lives closed $1.92 higher at $178.25.  August feeders closed $.65 higher at $243.25 and September feeders closed $.90 higher at $246.52. 

Direct cash cattle trade activity was relatively quiet.  A few bids surfaced at $190 and $191 live in the North and asking prices weren’t established. 

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