AgHost Livestock Close

The livestock complex closed mostly lower Friday afternoon as traders were mindful of the decline in the equity markets and were anxious to see what was going to be unveiled in Friday’s Cattle Inventory report. Thankfully, both the Cattle Inventory report and fed cash cattle prices were supportive to the marketplace. March corn is down 2 1/2 cents per bushel and March soybean meal is down $2.40. The Dow Jones Industrial Average is down 179.09 points and the NASDAQ is down 223.30 points.

From Friday to Friday, livestock futures scored the following changes: February live cattle up $0.95, April live cattle down $0.13; March feeder cattle up $0.10, April feeder cattle down $0.47; February lean hogs down $1.10, April lean hogs down $1.02; March corn down $0.02, May corn down $0.02.