AgHost Livestock Close

The cattle complex may have been worried about fundamental support, which is ultimately why both the live cattle and feeder cattle contracts closed lower as traders deemed there wasn’t enough support currently in the marketplace to justify trading the contracts higher, but the lean hog complex was a different story as it once again successfully closed higher. Still no fed cash cattle trade has developed. March corn is down 1 3/4 cents per bushel and March soybean meal is down $0.30. The Dow Jones Industrial Average is down 416.22 points and the NASDAQ is up 244.47 points.