Hog futures take a breather heading into the weekend

At the Chicago Mercantile Exchange, cattle futures ended the day mixed.  Contracts were overbought and needed a correction.  The Cattle on Feed report was neutral to bearish.  April live cattle closed $.17 lower at $129.72 and June live cattle closed $.40 lower at $123.50.  April feeder cattle closed $.12 lower at $148.80 and May feeder …

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