DTN Livestock Close: Cattle Contracts Bleed Lower

Cattle feeding. Photo: ©Debra L Ferguson

Another day comes and goes as the lean hog market captures center stage and moves higher while cattle contracts bear lower.

GENERAL COMMENTS:

For one livestock market, this week has been fruitful and for the other, it has been brutally painful. Cattle contracts can’t win this week and the lean hog market was tactfully aligned to capture this week’s opportunity.

Hog prices are higher on the National Direct Afternoon Hog Report, up $0.15 with a weighted average of $52.07.

March corn is up 5 cents per bushel and March soybean meal is up $1.00. The Dow Jones Industrial Average is down 26.18 points and NASDAQ is up 18.71 points.

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