DTN Closing Livestock Comment 02/05 15:36
5 Feb 2024
DTN Closing Livestock Comment 02/05 15:36 Sluggish Trade Pulls Livestock Lower Through Monday's Close Heading into Tuesday's market trade will continue to look for support after Monday's lousy trade. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a sluggish day for the livestock complex as traders elected to take a cautious approach when trading the contracts. No cash cattle trade developed throughout the day and it's likely that trade will be delayed until the second half of the week. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.89 with a weighted average price of $60.87 on 1,518 head. March corn is steady and March soybean meal is steady. The Dow Jones Industrial Average is down 274.30 points.