AgHost Livestock Close
The livestock complex closed mixed Friday afternoon, with the cattle contracts scaling higher while the hog contracts closed lower. More than anything, fundamental support needs to be strong next week if the contracts are to scale any higher. July corn is down 1/4 cent per bushel and July soybean meal is up $2.60. The Dow Jones Industrial Average is down 79.61 points and the NASDAQ is up 398.10 points.
From Friday to Friday, livestock futures scored the following changes: April live cattle down $1.65, June live cattle down $2.13; April feeder cattle down $3.70, May feeder cattle down $4.37; June lean hogs up $0.85, July lean hogs up $1.23; May corn up $0.06, July corn up $0.06.
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