It was a quiet day for the livestock complex as the market slowly drifted into Friday’s close.
GENERAL COMMENTS:
It was a lackadaisical day for the livestock contracts as not a lot rattled the market in either direction. Looking ahead to Monday, feedlots will be taking a through inventory of their pens and hoping that packers are aggressive in next week’s market again.
Hog prices closed $3.93 higher on the National Direct Afternoon Hog Report, equating to a weighted average of $61.80 on 12,294 head.
March corn is up 7 1/4 cents per bushel and January soybean meal is up $9.80. The Dow Jones Industrial Average is down 59.71 points and NASDAQ is down 295.85 points.
