Monday, April 30, 2012

CME cattle, hogs seen mixed on month-end positioning

April 30 (Reuters) - CME live cattle and hog futures drew
mixed calls on Monday in anticipation of investors squaring
positions on the last trading day for the month of April.
* Cattle traders cited future's discount to last week's cash
cattle trade as supportive. They pointed to weaker wholesale
beef values as a negative futures factor.
* Hogs were also seen mixed featuring firmer wholesale pork
prices and flat cash hog values as packers cope with negative
margins.

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