DTN Livestock Close: Feeder Cattle Anxious for Corn Belt Classic

Texas A&M AgriLife Extension Service photo by Adam Russell

Looking to Thursday’s trade, the live cattle market hopes to find a generous export report, and the feeder cattle enthusiasts will be glued to Superior’s Corn Belt Classic sale.

GENERAL COMMENTS:

Once again, the cattle contracts walked hand in hand with traders and saw a higher close by Wednesday’s end. Meanwhile, the lean hog market didn’t have as much technical success, though packers are still chasing the cash market to ensure that needs are met at the retail counter.

Hog prices closed higher on the National Direct Afternoon Hog Report, up $5.73 on 10,000 head with a weighted average of $128.45.

July corn is up 5 1/2 cents per bushel and July soybean meal is up $6.80. The Dow Jones Industrial Average is down 265.66 points and NASDAQ is down 33.18 points.

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