Feeder Cattle Push Through Resistance
The livestock complex heads into the weekend fully higher in all three sectors.
Cattle contracts warmed up after the noon hour and posted a stronger gain than most assumed they would. Though lean hog contracts didn’t see as much of a push heading into the weekend, the hog contracts closed higher as well. Hog prices are lower on the National Direct Afternoon Hog Report, down $0.38 with a weighted average of $40.97 on 4,968 head. December corn is up 1/4 cent per bushel and December soybean meal is down $0.70. The Dow Jones Industrial Average is up 115.41 points and NASDAQ is up 157.47 points.