Lean hog and feeder cattle markets closed lower giving live cattle the spark to trade higher, along with competitive cash prices.
The market was mostly determined to trade lower. With slim demand for feeders, little market support and lean hogs taking a day of rest, it makes sense why a day of mostly sideways trade was determined.
Hog prices are higher on the National Direct Afternoon Hog Report, up $0.78 with a weighted average of $46.46.
March corn is down 1 3/4 cents per bushel and January soybean meal is up $4.80. The Dow Jones Industrial Average is up 28.01 points and NASDAQ is up 4.03 points.