DTN Livestock Close: Cattle Fare Better Than Expected

Photo: Blair Fannin, Texas AgriLife Extension

After the noon hour Tuesday cattle contracts made a mixed comeback and lean hog contracts fared exceptionally well.

GENERAL COMMENTS:

Even though Tuesdays are generally tough on cattle contracts, both cattle markets were able to close the day either mixed or mostly higher, and lean hog contracts had a successful day in both nearby and deferred contracts.

Hog prices are up on the National Direct Afternoon Hog Report, up $0.10 with a weighted average of $42.69.

December corn is up 4 1/2 cents per bushel and December soybean meal is up $1.70. The Dow Jones Industrial Average is steady and NASDAQ is up 21.81 points.

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