Cattle Weaken While Hogs Rally Into the Week’s Close
It was a busy week for the livestock complex with various reports and thriving cash markets.
Rounding out another week, the livestock complex closed mixed as cattle contracts closed lower, but the lean hog complex rallied heading into the weekend. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.14 with a weighted average of $64.74 on 9,863 head. December lean hogs are up $1.15 at $64.425, December corn is up 1 3/4 cents per bushel and December soybean meal is up $2.10. The Dow Jones Industrial Average is up 358.52 points and NASDAQ is up 241.29 points.