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.
