AgHost Livestock Close

The livestock complex closed fully lower, with simply not enough support from the market’s fundamentals to allow the contracts any other option ahead of the weekend. The only positive development late this week was Friday’s Cattle on Feed report, which showed placements down 10% compared to a year ago. December corn is down 1 cent per bushel and January soybean meal is up $1.60. The Dow Jones Industrial Average is up 493.15 points and the NASDAQ is up 195.03 points.

From Friday to Friday, livestock futures scored the following changes: December live cattle down $4.70, February live cattle down $4.75; January feeder cattle down $6.32, March feeder cattle down $6.30; December lean hogs closed $0.70, February lean hogs down $1.68; December corn down $0.05, March corn down $0.07.