DTN Closing Livestock Comment 01/16 15:58
16 Jan 2025
DTN Closing Livestock Comment 01/16 15:58 Technical Weakness Overcame the Livestock Complex on Thursday A thin movement of dressed cattle trade developed at $322 which is $2.00 lower than last week's weighted average. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex ended Thursday's market fully lower. More than anything a slight technical weakness seemed to draw the contracts lower. A light movement of dressed cattle sales was noted at $322 which is $2.00 higher than last week's weighted average. March corn is down 4 1/4 cents per bushel and March soybean meal is down $7.60. The Dow Jones Industrial Average is down 68.42 points.