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Demand concerns pressure hog futures

At the Chicago Mercantile Exchange, cattle futures closed lower ahead of widespread direct cash business.  The sluggish cash cattle trade this week has futures contracts drifting lower.  December live cattle closed $.35 lower at $117.95 and February live cattle closed $.57 lower at $121.80.  January feeder cattle closed $1.27 lower at $144.20 and March feeder cattle closed $1.10 lower at $141.95.

Direct cash cattle trade has been quiet.  Bids are still sitting at $112 to $114 live and $183 dressed. 

Continue reading Demand concerns pressure hog futures at Brownfield Ag News.

       

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