Cattle Contracts Lose Ground; Lean Hogs Close Slightly Higher
Cattle contracts look to Friday and hope most of the week’s losses are done, as the complex has traded lower most of the week.
Thursday was another day of sharp losses through the cattle sector, but by a slim margin, the lean hog complex closed modestly higher. Hog prices closed sharply lower on the National Direct Afternoon Hog Report, down $1.40 with a weighted average of $42.69 on 3,923 head. December corn is up 4 1/4 cents per bushel and December soybean meal is up $3.80. The Dow Jones Industrial Average is up 160.35 points, and the NASDAQ is down 39.72 points.