Cattle futures posted strong follow-through losses Tuesday sparked by active market pressure seen at the end of last week and continued Monday. The concern that additional market softness may develop before technical support redevelops may leave live cattle and feeder cattle trade vulnerable to further losses midweek. Hog futures posted active gains, but given previous losses, it is uncertain just how deep current buyer support remains. Hog prices closed higher on the Daily Direct Afternoon hog report, up $1.97 with a weighted average of $85.40 on 3,719 hogs. March corn closed up 5 3/4 at $4.945 and March soybean meal closed up $10.30 at $314.00. The Dow Jones Industrial Average is up 134.13 at 44,556.04.
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