Firming cash cattle trade is starting to develop late Friday with prices $1 to $2 per cwt higher from week ago levels. Limited support developed in cattle futures, while hog markets shifted lower.
From Friday to Friday livestock futures posted the following changes: Feb LC, up $3.05; April LC, up $2.37, Jan FC, up $1.22; Mar FC, up $2.08; Feb LH, up $0.70; Apr LH, up $0.60. Firm early gains in cattle futures eroded through the end of the session with increased trade volume, leaving markets unsettled.
Hog futures posted strong losses Friday, but remain firmly higher for the week.
Corn futures are higher in light activity. March futures were 2 cents higher. Dow Jones Index is 57 points lower with Nasdaq down 20 points.