AgHost Livestock Close

The livestock complex closed mixed as traders were willing to advance the cattle contracts but not the hog complex following Thursday's disappointing export sales report. Still, no cash cattle trade developed. Hog prices closed higher on the Daily Direct Morning Hog Report, up $0.65 with a weighted average price of $89.78 on 3,462 head. May corn is down 3 1/2 cents per bushel and May soybean meal is down $0.70. The Dow Jones Industrial Average is up 22.07 points.

Thursday's export report showed beef net sales of 17,700 metric tons (mt) for 2024 were up 30% from the previous week and 27% from the prior four-week average. The three primary buyers were South Korea (5,400 mt), China (3,600 mt) and Japan (2,800 mt). Pork net sales of 21,800 mt for 2024 -- a marketing year low -- were down 54% from the previous week and 47% from the prior four-week average. The three primary buyers were Mexico (8,500 mt) China (3,000 mt) and Japan (2,900 mt).

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