Photo: Texas AgriLife Extension
Heading into Monday’s trade, cattlemen will be interested so see just how many cattle traded in this week’s cash market.
GENERAL COMMENTS:
It was an exceptional week for the live cattle market as the cash trade jumped higher and the futures supported that move. Meanwhile, the lean hog market rallied on limited supplies and robust demand, which is likely to continue in the months ahead.
Hog prices closed lower on the National Direct Afternoon Hog Report, down $3.62 with a weighted average of $83.87 on 2,267 head.
March corn is up 3 3/4 cents per bushel and March soybean meal is up $6.80. The Dow Jones Industrial Average is down 21.42 points and NASDAQ is up 219.19 points.
