Closing surprisingly higher than anticipated, cattle markets ended the day stronger while hog markets are simply mixed at closing Wednesday.
Live cattle contracts plunged lower right after the noon hour but were able to rebound and close higher than the day’s initial open. Feeder cattle markets are mostly higher and the lean hog sector closed mixed.
Hog prices are lower on the National Direct Afternoon Hog Report, down $0.40 with a weighted average of $58.82.
December corn is down 1 1/2 cents per bushel and December soybean meal is down $3.00. The Dow Jones Industrial Average is down 15.59 points and NASDAQ is down 23.17 points.