Cattle contracts aren’t finding the light at the end of the tunnel Wednesday afternoon, and since some fat cattle traded with some steady prices already, it may be another week of holding.
Cattle contracts had an usual day trading some fat cattle as early as Wednesday afternoon and the lean hog contracts made sure to take advantage of Wednesday’s opportunities.
Hog prices are higher on the National Direct Afternoon Hog Report, up $0.16 with a weighted average of $51.90.
March corn is up 1 1/4 cents per bushel and March soybean meal is down $1.20. The Dow Jones Industrial Average is up 14.21 points and NASDAQ is up 14.87 points.