AgFax’s cash profit since last week is $ 2

The cash cattle market was able to push prices by $ 2.00 higher, even as the futures market cut sideways.

GENERAL COMMENTS:

The cattle complex will be interested to see how Thursday’s export report relates to the market, but the lean pig complex knows that the likelihood of getting a reliable export report is small. Wednesday was a good day for livestock contracts, as contracts for live cattle and lean pigs closed higher on a strong market basis, but the fodder complex was tired amid a strong grain market.

Pig prices closed higher according to the National Direct Afternoon Pork Report, up $ 2.06 from a weighted average of $ 91.47 per 9,178 head.

March corn rose by 9 cents per bushel, and March soybean flour rose by $ 10.60. The Dow Jones Industrial Average fell 54.57 points and the NASDAQ fell 15.66 points.