AgHost Livestock Close

The livestock complex closed mixed Friday afternoon as traders simply need to see better fundamental support before they’ll confidently push the contracts higher. The big news that will likely rock the cattle complex on Monday is whether the expected plant strike happens at Greeley, Colorado, as JBS and the union laborers haven’t agreed on a contract yet. May corn is up 4 3/4 cents per bushel and May soybean meal is up $2.50. The Dow Jones Industrial Average is down 119.38 points and the NASDAQ is down 206.62 points.

From Friday to Friday, livestock futures scored the following changes: April live cattle down $3.67, June live cattle down $2.52; March feeder cattle down $6.15, April feeder cattle down $8.52; April lean hogs down $2.18, June lean hogs down $3.20; March corn up $0.06, May corn up $0.07.