Live cattle contracts closed mixed Tuesday while the rest of the livestock sector traded mostly higher.
It was a rather uneventful day for the livestock sector, with no crazy gains but also no substantial losses. It will probably be later in the week when cash cattle start to trade that lean hogs could trade lower if they take the back burner. Live cattle contracts could heat up if cash prices take off.
Hog prices are higher on the National Direct Afternoon Hog Report, up $0.62 with a weighted average of $47.68.
March corn is up 1 1/4 cents per bushel, and January soybean meal is up $0.20. The Dow Jones Industrial Average is down 27.88 points, and the NASDAQ is down 5.65 points.