As the market prepares for a three-day weekend, it’s positive to see two out of the three livestock contracts trading higher.
If there is a take away that the market can learn from this week, it is that it’s wise to not bolster the market with sheer hopefulness and anticipation until the fine details are printed and clear. Thankfully the market seems to be coming around after Thursday’s beatdown and is trading higher in both the lean hog and live cattle markets.
Hog prices are lower on the National Direct Afternoon Hog Report, down $0.43 with a weighted average of $50.79.
March corn is up 13 3/4 cents per bushel and March soybean meal is down $0.00. The Dow Jones Industrial Average is up 50.46 points and NASDAQ is up 31.81 points.