Cattle Build Stronger Into Thursday’s Close
Cattle contracts had another commendable day as nearby live cattle contracts closed $2.00 to $3.00 higher.
Thursday was another strong day for the cattle contracts as support continues to grow and is allowing for the markets to have a commendable rally. As the market prepares for Friday, watching how the week’s cash cattle trade will pan out is going to be interesting. Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.31 with a weighted average of $61.70 on 8,017 head. December corn is down 3 cents per bushel and December soybean meal is up $0.20. The Dow Jones Industrial Average is up 139.16 points and NASDAQ is up 180.72 points.