Wednesday was a brutal trading day; all three livestock futures markets closed limit lower.
Thursday could be another tough day as pressure looms over livestock contracts and support for the board is absent, putting cash prices in a tough spot.
Hog prices are significantly lower on the National Direct Afternoon Hog Report, down $4.63 with a weighted average of $48.55.
May corn is down 6 cents per bushel and May soybean meal is down $6.60. The Dow Jones Industrial Average is down 973.65 points and NASDAQ is down 339.52 points.