AgHost Livestock Close

Livestock futures started the Thursday session with very limited interest, allowing prices to hold limited gains in cattle futures through early hours of trade, but softness developed in feeder cattle and lean hog trade during late morning trade. Despite the initial lackluster movement in the market, strong and active price support redeveloped in both live cattle and feeder cattle trade heading into the closing bell. Lean hog futures still posted moderate price weakness with very little additional market direction helping to stimulate strong buyer interest, or even aggressive liquidation. Markets will remain closed until Monday morning due to the Good Friday holiday. Hog prices closed higher on the Daily Direct Afternoon hog report, up $0.18 with a weighted average of $90.35 on 2,000 hogs. May corn closed down 2 at $4.523 and May soybean meal closed down $3.00 at $315.2. The Dow Jones Industrial Average is down 61.07 at 46,504.67.