Livestock contracts plummet lower and hit limit losses in a handful of contracts as worry about what the effects of the coronavirus will be.
Few answers surface about the coronavirus, which leave the entire marketplace up in the air and vulnerable to its roar. The worrisome part of the situation is that no one knows how vast the virus will spread or how detrimental its wake will be. Once officials have more understanding of the outbreak, reassurance should surface, but at this time little knowledge of the virus is known.
Hog prices close higher on the National Direct Afternoon Hog Report, up $1.16 with a weighted average of $53.86.
March corn is down 6 3/4 cents per bushel and March soybean meal is down $0.50. The Dow Jones Industrial Average is down 453.93 points and NASDAQ is down 175.60 points.