Hog futures up, following midday pork

Chicago Mercantile Exchange live cattle futures were up and feeders were mostly higher, watching corn and the early stages of this week’s direct cash cattle business. April live was up $1.15 at $139.05 and June was $1.52 higher at $135.45. March feeders, the exception, were down $.57 at $154.02 and April was up $.65 at $160.32.

Direct cash cattle business was underway by Tuesday afternoon. Light trade was reported at $138 live in Kansas and Texas, down $2 on the week, which could be a sign buyers will try to extend last week’s leverage.

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