DTN Closing Livestock Comment 02/05 16:09
5 Feb 2025
DTN Closing Livestock Comment 02/05 16:09 Traders Continued to Support Livestock Contracts Through Thursday's Close Heading into Thursday's trade be prepared for the morning's export report and packer demand should improve in the cash cattle market as well. Rick Kment DTN Analyst GENERAL COMMENTS: The livestock complex was able to see better technical success throughout the day as all three of the markets closed higher. Meanwhile, the cash cattle market wasn't as lucky as the few cattle that were traded throughout the day were sold for $1.00 to $3.00 lower compared to last week's weighted average. March corn is down 1 1/4 cents per bushel and March soybean meal is down $5.70. The Dow Jones Industrial Average is up 317.24 points.