DTN Closing Livestock Comment 02/02 15:25
2 Feb 2024
DTN Closing Livestock Comment 02/02 15:25 Traders Left Livestock Contracts Close Mixed Ahead of Weekend Heading into Monday's trade, be on the lookout for the midmorning fed cattle report as it will state how many cattle were bought this week. It will give us better insight as to how aggressive packers will be in next week's cash market. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex saw mixed interest from traders through Friday's end, but all in all, it was a strong, dynamic week for the market with plenty of fundamental support backing traders' decisions. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $1.59 with a weighted average price of $61.76 on 1,336 head. March corn is down 4 1/2 cents per bushel and March soybean meal is down $4.90. The Dow Jones Industrial Average is up 251.66 points