Live cattle gave in after the noon hour and traded higher in deferred contracts Tuesday, while nearby contracts were reluctant to fully accept the idea.
Livestock contract toyed with the idea of trading higher, and if it weren’t for a few contracts in the live cattle sector, the complex could have been called moderately higher.
Hog prices on the National Direct Morning Hog Report at $1.26 higher weigh a weighted average of $44.80.
March corn is down 3/4 cent per bushel and January soybean meal is up $1.20. The Dow Jones Industrial Average is down 340.12 points and NASDAQ is down 73.19 points.