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Heading into Thursday’s trade, the livestock complex is hopeful for a supportive export report so that the market has something to boost its morale.
GENERAL COMMENTS:
It was a lousy day for the livestock contracts as none closed higher and demand wasn’t seen in the cash market. The only exciting news was that the pork cutouts saw some late holiday buying, which shot ham prices higher.
Hog prices closed lower on the National Direct Afternoon Hog Report, down $4.16 with a weighted average of $57.76 on 4,955 head.
March corn is up 1 1/4 cents per bushel and January soybean meal is up $7.50. The Dow Jones Industrial Average is up 35.32 points and NASDAQ is up 100.07 points.
