DTN Closing Livestock Comment 01/31 16:12
31 Jan 2025
DTN Closing Livestock Comment 01/31 16:12 Cattle Find Technical Footing Ahead of Friday's Close Heading into Monday's trade it's likely that traders could push the cattle contracts higher as they celebrate the Cattle Inventory's bullishness. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: The cattle contracts were finally able to regain some technical footing in the market as traders eventually gave respect to the fact that this week's cash cattle prices did trade higher again. It was also supportive that today's Cattle Inventory report shared yet again another decline in the US beef cowherd, which will limit feeder cattle supplies in the years to come. March corn is down 8 1/4 cents per bushel and March soybean meal is down $3.60. The Dow Jones Industrial Average is down 337.47 points.