NEWS
John Harrington DTN Livestock Analyst
Thu Jan 31, 2013 11:13 AM CST

OMAHA (DTN) -- Nearby lean hog futures continue to be well-supported near midsession on decent cash strength and the premium status of the lean index. Light bull spreading is also a positive factor at this time. On the cattle side of the trading floor, prices are modestly higher in the live pit and moderately higher in the feeder trade. Business in the live pit seems to be cautious as traders await the development of feedlot sales in the north. Trade volume in the feeder market is very light with prices floating higher thanks to a general lack of selling interest.

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