Hog futures drop on profit-taking

At the Chicago Mercantile Exchange, cattle futures closed lower, pressured by supply concerns following Friday’s Cattle on Feed report.  The lackluster wholesale trade didn’t provide any support to prices.  April live cattle closed $2.15 lower at $127.57 and June contracts closed $2.37 lower at $121.12.  April feeder cattle closed $2.60 lower at $146.20 and May …

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