Livestock Contracts End the Week Lower
None of the livestock contracts ended the week like they had hoped.
It was a long week for the livestock complex as the cattle market suffered throughout most of the week’s trade, and toward the later part of the week, the lean hog market dipped lower as well. Hog prices closed $1.33 lower on the National Direct Afternoon Hog report with a weighted average of $62.13 on 5,568 head. December corn is down 1 3/4 cents per bushel and December soybean meal is down $4.60. The Dow Jones Industrial Average is up 112.11 points and NASDAQ is down 42.31 points.