AgHost Livestock Close

What a mess of a day it was for the cattle complex. Both the live cattle and feeder cattle contracts fell sharply as traders were panicked about the news circulating about New World screwworm. Southern live cattle traded at $233, which is steady with last week’s weighted average and Northern dressed cattle traded at mostly $365, which is also steady with last week’s weighted average. March corn is up 4 1/2 cents per bushel and March soybean meal is up $0.80. The Dow Jones Industrial Average is down 83.11 points and the NASDAQ is down 14.63 points.

From Friday to Friday, livestock futures scored the following changes: February live cattle down $1.57, April live cattle down $0.70; January feeder cattle up $1.20, March feeder cattle up $1.75; February lean hogs up $2.98, April lean hogs up $3.43; March corn down $0.21, May corn down $0.22.