DTN Closing Livestock Comment 01/03 15:52
3 Jan 2025
DTN Closing Livestock Comment 01/03 15:52 Futures Market Retreat Ahead of the Day's Close Even though traders pulled back some of their support ahead of Friday's close, the cattle contracts still performed exceptionally well throughout the week. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Even though the cattle complex's rally fizzled out by the day's close, the market still performed exceptionally well throughout the week. This week Southern live cattle were marked anywhere from $195 to $197, which is $2.00 to $5.00 higher than a week ago, and Northern dressed cattle traded for mostly $315 which is $8.00 higher than a week ago. March corn is down 8 3/4 cents per bushel and March soybean meal is down $11.30. The Dow Jones Industrial Average is up 339.86 points.