DTN Closing Livestock Comment 01/30 15:39
30 Jan 2025
DTN Closing Livestock Comment 01/30 15:39 Live Cattle Trade $6.00 to $7.00 Higher, Dressed Cattle Trade Steady to $2.00 Higher Heading into Friday's trade, be ready for the afternoon's Cattle Inventory Report. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The livestock complex traded mixed throughout the day as the lean hog complex continued to inch higher. However, the cattle contracts were technically troubled throughout the day, even though fed cash cattle prices traded higher. Southern live cattle were marked at $208, which is $6.00 to $7.00 higher. Dressed cattle sold for $330, which is steady to $2.00 higher than last week's weighted average. March corn is down 6 3/4 cents per bushel and March soybean meal is down $5.10. The Dow Jones Industrial Average is up 168.61 points.