Cattle Close Lower While Hogs Secure Profits Heading Into the Weekend
Rounding out the week’s trade, cattle secured a strong cash market and the lean hog market was thankful to see high export demand.
Friday’s trade was all over the board as live cattle and lean hog contracts danced on both sides of steady. But, as the week closed, live cattle contracts fell lower and lean hogs jumped higher. Hog prices were lower on the National Direct Afternoon Hog Report, down $0.53 with a weighted average of $64.52 on 4,555 head. December lean hogs are up $0.28 at $67.125, December corn is up 8 cents per bushel and December soybean meal is up $4.10. The Dow Jones Industrial Average is up 161.39 points and NASDAQ is up 158.96 points.