DTN Closing Livestock Comment 01/23 15:49
Cash Cattle Prices Trade Higher
It was a hectic day for the cattle complex as the market saw the fed cash
cattle market finally trade and also had the monthly Cattle on Feed report
unveiled.
ShayLe Stewart
DTN Livestock Analyst
GENERAL COMMENTS:
The livestock complex closed mixed as the cattle contracts closed slightly
higher, but lean hog contracts ended the day mixed. Throughout the day,
Southern live cattle traded anywhere from $233 to $236, which is steady to
$2.00 higher than last week's weighted average, and Northern dressed cattle
traded at mostly $370, which is $5.00 higher than last week's weighted average.
March corn is up 6 1/2 cents per bushel and March soybean meal is up $3.70. The
Dow Jones Industrial Average is down 285.30 points and the NASDAQ is up 65.22
points.
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