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Cattle futures firm, hogs higher on cash strength

Cattle futures firm, hogs higher on cash strength

Chicago Mercantile Exchange live cattle futures were mostly firm and feeders were lower, watching corn and the development of direct cash business. August live was up $.05 at $134.55 and October was down $.10 at $139.85. August feeders were $.82 lower at $172.47 and September was down $1.02 at $176.05.

Direct cash cattle trade has been mostly quiet with a few deals coming in this afternoon. Southern deals took place mostly at $137, steady to $1 lower than last week.

    

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