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DTN Closing Livestock Comment 02/03 15:47

3 Feb 2025
DTN Closing Livestock Comment 02/03 15:47 Heavy News-Hitting Weekend Made for Struggle Monday for Livestock Complex Now that traders have gotten to react to all the news that broke over the weekend, hopefully the markets find better support on Tuesday. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Although last Friday's Cattle Inventory report was about as bullish as it could be, the news that broke over the weekend about tariffs being placed on Mexico and Canada along with Mexico cattle imports soon to resume took a toll on the livestock contracts on Monday. March corn is up 6 3/4 cents per bushel and March soybean meal is up $2.60. The Dow Jones Industrial Average is down 122.75 points.