AgHost Livestock Close

It was a painstaking day to watch the cattle contracts close sharply lower as traders elected to partake in some profit-taking following Thursday's record high close. Some light cash cattle trade has developed in the South at $235, which is $0.50 lower than last week's weighted average, and in the North at $380, which is $4.00 lower than last week's weighted average. September corn is down 1 3/4 cents per bushel and August soybean meal is up $0.70. The Dow Jones Industrial Average is up 168.73 points and the NASDAQ is up 176.25 points.

From Friday to Friday, livestock futures scored the following changes: August live cattle up $2.43, October live cattle up $2.30; August feeder cattle up $4.83, September feeder cattle up $6.45; August lean hogs up $1.55, October lean hogs up $0.63; September corn down $0.07 and December corn down $0.05.

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