Heading into Friday, all eyes will be on the lean hog market as the complex continues to grow stronger and stronger.
It was a lower day for cattle futures as traders let the markets fall, but the lean hog contracts leaped higher as traders wanted all they could take in that market!
Hog prices closed lower on the National Direct Afternoon Hog Report, down $3.72 with a weighted average of $66.56 on 4,554 head.
March corn is up 1/2 cent per bushel and March soybean meal is up $2.50. The Dow Jones Industrial Average is down 313.26 points and NASDAQ is down 186.24 points.