It may have been a shortened week but with the up and downs throughout the complex, contracts are exhausted and traders are looking forward to taking the weekend off from this week’s madness.
The livestock complex didn’t fare too well this week. The lean hog market seemed to have a good run, then the board sold off Friday but cash prices thankfully stayed the course.
Hog prices are higher on the National Direct Afternoon Hog Report, up $0.59 with a weighted average of $52.73.
March corn is down 6 1/2 cents per bushel and March soybean meal is down $0.60. The Dow Jones Industrial Average is down 170.36 points and NASDAQ is down 87.57 points.