Cattle futures were narrowly mixed on the close Wednesday. Profit-taking limited gains, but higher boxed beef cutout values provided fundamental support. Firm to higher cash prices are expected this week but bullish enthusiasm was limited today as packer margins are in the red. October was down 7 points at $94.45. December was unchanged at $93.85. October feeder cattle were 115 points higher at $119.10.



Lean hog futures posted modest declines on Wednesday as traders took some profits following several days of solid price gains. However, cash fundamentals remain strong. Even with record high hog slaughter the last few days, cutout values have strengthened and packer's margins are favorable. October fell 25 cents to $67.83 and December was 30 cents lower at $65.15.