Hog futures pressured by premium to cash

Chicago Mercantile Exchange live and feeder cattle futures were lower, with boxed beef down at midday, getting ready for the week’s widespread direct business. Feeders also saw profit taking after Wednesday’s gains, despite another round of losses in corn. February live was down $.35 at $168.92 and April was $.70 lower at $172.27. January feeders were $2 lower at $222.47 and March was down $2.27 at $223.12.

Direct cash cattle business was light.

...