Both live and feeder cattle prices dropped on Thursday. Live cattle prices sank dipped 25 cents to $158.93, bringing the 27-day average price to $155.40. Feeder cattle prices sank 55 cents to $202.55. The 27-day average price fell to $206.63.
While cattle prices are down, lean hog prices jumped $2.82. Hog prices have been volatile of late, but Thursday prices were up to $67.05. The 27-day average price is now $67.88.
Crops prices were fairly stagnant on Thursday. Wheat prices were unchanged from Wednesday's $5.28. Corn prices rose 6 cents to $3.90. Soybean prices made an 11 cent gain to $10.07.
|Morning Farm Report|