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DTN Closing Livestock Comment 12/18 16:12

18 Dec 2024

DTN Closing Livestock Comment 12/18 16:12 Live Cattle Face Some Technical Push Back The cash cattle market could see better interest on Thursday, but it wouldn't be surprising to see trade delayed until Friday either. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The live cattle complex struggled the most throughout the day as technical pressure grew more and more burdensome throughout the day, but the feeder cattle market also closed lower. Bids of $195 live and $305 dressed were offered throughout the day, but no cattle sold. March corn is down 6 1/4 cents per bushel and January soybean meal is down $7.70. The Dow Jones Industrial Average is down 1,123.03 points.

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