DTN Closing Livestock Comment 01/25 15:59
25 Jan 2024
DTN Closing Livestock Comment 01/25 15:59 Higher Cash Prices Rally Cattle Contracts Once the fat cattle market began to trade $2 to $3 higher, both the live cattle and feeder cattle contracts shot higher on Thursday. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a tremendous day again for livestock contracts as all three markets closed higher. Cattle contracts closed sharply higher as strong advancements in the cash market grabbed traders' attention. Hog prices closed higher on the Daily Direct Afternoon Hog report, up $1.53 with a weighted average price of $54.63 on 2,538 head. March corn is down 1/2 cent per bushel and March soybean meal is down $5.10. The Dow Jones Industrial Average is up 242.74 points.