Livestock contracts were able to secure gains in all three sectors as the day closed and support in livestock contracts continues to slowly build.
As more and more time passes, the livestock sector is seeming to shake the scare of the coronavirus and is starting to rebuild assurance in the marketplace. Thursday’s gains were fruitful through all three livestock contracts and very well could trickle into Friday’s trade.
Hog prices are higher on the National Direct Afternoon Hog Report, up $0.28 with a weighted average of $48.68.
March corn is down 3 1/2 cents per bushel and March soybean meal is up $0.20. The Dow Jones Industrial Average is down 128.11 points and NASDAQ is down 13.99 points.