DTN Closing Livestock Comment 02/01 15:40
1 Feb 2024
DTN Closing Livestock Comment 02/01 15:40 Cattle Run With Ample Support Thursday Heading into Friday's trade, the cash cattle market could see a little more trade but prices will likely remain steady with the week's trend. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a powerful day for the cattle complex as both the live cattle and feeder cattle markets charged higher, thanks to the support of Wednesday's Cattle Inventory report. Excitement then spilled over into the cash cattle market which saw prices trade $3 to $5 higher than last week's weighted averages. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $0.79 with a weighted average price of $63.35 on 1,506 head. March corn is down 1 cent per bushel and March soybean meal is down $6.60. The Dow Jones Industrial Average is up 339.50 points.