Heading into Friday’s trade, the livestock complex hopes to see a little more interest from traders before the week’s end but knows that it could be another back and forth day.
GENERAL COMMENTS:
Thursday’s trade came and went and there wasn’t a whole lot of excitement that rattled throughout the livestock complex. The cash cattle market unfortunately saw cattle trade with time, the feeder cattle contracts rallied amid weaker corn and the lean hog contracts closed mostly higher other than in their nearby contracts.
Hog prices closed lower on the National Direct Afternoon Hog Report, down $3.03 with a weighted average of $110.76 on 6,351 head.
December corn is down 2 1/2 cents per bushel and December soybean meal is down $7.00. The Dow Jones Industrial Average is up 53.79 points and NASDAQ is down 101.82 points.
