Livestock Contracts Defend Their Positions Through Friday’s Close
It was a week filled with stout pressure but come Friday’s trade the livestock contracts were met with support that ultimately carried through the day’s close.
After a tough week, the livestock contracts were granted renewed support and largely were able to close higher before the long weekend. Hog prices closed lower on the National Direct Afternoon Hog Report, down $1.26 with a weighted average of $52.72 on 4,923 head. March corn is down 2 3/4 cents per bushel and March soybean meal is down $1.70. The Dow Jones Industrial Average is down 177.26 points and NASDAQ is down 114.14 points.