Heading into Wednesday, both the cattle and lean hog futures are hoping to find something supportive in the WASDE report.
Tuesday, both the cattle and hog markets saw a slight uptick in slaughter from Monday. The lean hog market continues to trade very cautiously, but the cattle complex rallied upon strong boxes.
Hog prices closed higher on the National Direct Afternoon Hog Report, up $1.10 with a weighted average of $66.99 on 6,341 head.
March corn is up 1 1/4 cents per bushel and March soybean meal is down $3.20. The Dow Jones Industrial Average is up 183.15 points and NASDAQ is up 210.62 points.