DTN Closing Livestock Comment 02/07 15:13
7 Feb 2025
DTN Closing Livestock Comment 02/07 15:13 Traders Find Some Technical Footing in Friday's Market Although traders pushed the cattle contracts lower throughout the majority of the week, thankfully Friday's market lent some support. Rick Kment DTN Analyst GENERAL COMMENTS: It was a long troublesome week for the cattle complex, but thankfully by Friday's end, most of the livestock contracts were able to close higher. Heading into next week's trade, it will be vital to check on Monday morning to see exactly how many cattle were bought in the cash cattle market this past week as that will likely indicate how aggressive packers will be next week in the cash market. March corn is down 7 3/4 cents per bushel and March soybean meal is down $5.00. The Dow Jones Industrial Average is down 444.23 points.