Live cattle prices lost steam on Wednesday, falling 27 cents to $161.73. The 27-day average followed suit and landed at $156.41. While live cattle prices fell, feeder cattle prices continued to make gains, hitting $217.70. The 52 cent price increase led the 27-day average price to $207.89.
Lean hog prices reached $59.83, a $1.23 price increase. The 27-day average price rose to $64.35 on Wednesday.
Crop prices were mixed on Wednesday, as corn prices increased 2 cents to $3.95 while wheat and soybean prices fell. Wheat prices fell 5 cents to $5.19. Soybean prices fell to $9.79, a 3 cent price decrease.
|Morning Farm Report|