GENERAL COMMENTS:
It was a successful day for the livestock contracts as all three of the markets closed higher by Friday's ending bell. And to help matters even more, it was reassuring for cattlemen to find the afternoon's Cattle on Feed report neutral to somewhat bullish. March corn is up 5 1/2 cents per bushel and March soybean meal is up $11.20. The Dow Jones Industrial Average is up 498.02 points.
From Friday to Friday livestock futures scored the following changes: December live cattle down $2.32, February live cattle down $3.63; January feeder cattle down $2.05, March feeder cattle down $1.85; February lean hogs up $0.33, April lean hogs up $0.78; March corn up $0.04, May corn up $0.03.
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