DTN Closing Livestock Comment 02/20 16:09
20 Feb 2025
DTN Closing Livestock Comment 02/20 16:09 Pressure Continues to Whittle on Livestock Contracts The cash cattle market finally saw some cattle trade today, but prices were $4.00 to $5.00 lower than last week's weighted average. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a dreadful day for the livestock complex as the contracts continued to bleed lower as the market continues to lack the necessary technical support to put a bottom in the market's current move. Some cash cattle trade did develop -- but prices were marked $4.00 to $5.00 lower than last week's weighted average. March corn is up 1/2 cent per bushel and March soybean meal is up $1.30. The Dow Jones Industrial Average is down 450.94 points.