Cattle Contracts Close Lower, Hogs Step Up to the Plate
Lean hogs ended Monday’s session as the only market able to close higher.
Early in the day the live cattle contracts were willing and ready to trade higher, but as time progressed and nearby feeder cattle contracts dropped significantly, lean hogs were the only market able to close higher. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.05 with a weighted average of $37.68 on 6,203 head. December corn is up 6 3/4 cents per bushel and December soybean meal is up $6.60. The Dow Jones Industrial Average is down 86.11 points and NASDAQ is up 110.42 points.