While live cattle prices saw a slight rebound on Thursday, gaining 43 cents and hitting $153.43, feeder cattle prices are continuing to tank. Dropping another $1.08, feeder cattle prices are now sitting at $195.65. The 27-day average price is also on the decline, falling to $214.52.
Lean hog prices continued to drop on Thursday, falling another $1.82 to $63.28. The 27-day average price is now $73.56.
Crop prices fared better on Thursday, with wheat seeing a 15 cent price increase and soybean prices increasing 9 cents. Corn prices increased by a penny.
|Morning Farm Report|