DTN Closing Livestock: Live Cattle Contracts Run Short Of Gusto

Cattle at pasture. Photo: K-State Research and Extension - Creative Commons

Tuesday ended up treating the livestock contracts better than anticipated. The lean hog and feeder cattle contracts were able to close mostly higher while the live cattle contracts simply fought too much pressure. Hog prices were unchanged on the National Direct Afternoon Hog Report with a weighted average of $55.62 on 8,804 head.

March corn is down 4 1/4 cents per bushel and January soybean meal is down $5.40. The Dow Jones Industrial Average is up 104.09 points and NASDAQ is up 62.82 points.

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