It was a rallying day for the livestock contracts as traders felt the market environment was stable enough to push the contracts higher.
It was a strong day for all the livestock contracts as traders jumped into Monday’s market and felt confident enough to push the contracts higher. Heading into Tuesday’s trade, the market is hopeful grain prices remain stabilized and traders keep with their recent enthusiasm.
Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.63 with a weighted average of $102.20 on 5,129 head.
May corn is down 14 1/4 cents per bushel and May soybean meal is up $7.20. The Dow Jones Industrial Average is up 1.05 points and NASDAQ is down 262.59 points.