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23 Jan 2025
DTN Closing Livestock Comment 01/23 15:53 Cattle Markets Continue to Inch Higher Head into Friday's market ready to see trade develop in the cash cattle market and be on the lookout for the afternoon's Cattle on Feed report. Rick Kment DTN Analyst GENERAL COMMENTS: The cattle contracts continued to rally through Thursday's end, but the lean hog contracts weren't as lucky. Still no sizeable sales have developed in the cash cattle market so Friday's market will be busy as not only will market participants need to be looking for sales to develop but they'll also be watching to see what the Cattle on Feed report does. March corn is up 5 1/2 cents per bushel and March soybean meal is down $0.50. The Dow Jones Industrial Average is up 408.34 points.
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