It was a fantastic day for the livestock complex as all three of the contracts closed higher. Potentially the biggest news for the day was that cash prices were able to trade higher, which sparked the spot April contract to again trade above its 40-day moving average. May corn is up 5 1/4 cents per bushel and May soybean meal is down $0.50. The Dow Jones Industrial Average is up 199.58 points.
From Friday to Friday, livestock futures scored the following changes: April live cattle up $7.63, June live cattle up $7.70; March feeder cattle up $2.00, April feeder cattle up $5.15; April lean hogs up $3.68, June lean hogs up $3.08; March corn up $0.02, May corn unchanged.
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