Live cattle prices took another hit on Monday, although it was much smaller than Friday's $3 price drop. Falling 52 cents, live cattle prices landed at $149.83 on Monday. The 27-day average price ended at $159.95. Feeder cattle prices fell another $2.05 on Monday, down to $211.65. The 27-day average price hit $218.67.
Lean hog prices rebounded slightly, gaining $1.53. Monday's price landed at $70.83, bringing the 27-day average price to $77.70.
Crop prices were mixed Monday, with soybeans seeing gains, while corn and wheat prices dropped. Soybean prices gained 11 cents ending at $9.84 on Monday. Wheat prices fell another 9 cents on Monday to $5.21. Corn prices dropped 3 cents, ending at the same prices seen on Thursday.
|Morning Farm Report|