DTN Livestock Close: Northern Dressed Cattle Trade $2 Softer

    Heading into Thursday’s trade, the markets could really use a positive export report to help combat a downturn in spirit due to lousy processing speeds.

    GENERAL COMMENTS:

    Technically speaking, the lean hog complex found some support Wednesday, but the cattle contracts continue to be faced with pressure. Until packers are able to run full shifts and processing speeds get back to normal — a growly, gloomy tone will be likely in the markets.

    Hog prices closed lower on the National Direct Afternoon Hog Report, down $0.92 with a weighted average of $66.07 on 6,001 head.

    March corn is down 2 cents per bushel and March soybean meal is up $3.10. The Dow Jones Industrial Average is up 38.30 points and NASDAQ is up 34.94 points.

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