DTN Closing Livestock Comment 01/24 15:51
Northern Cattle Trade $6.00 to $8.00 Higher, Live Cattle Trade $6.00 Higher
Heading into Monday's market it will be imperative that we see exactly how
many cattle were bought in this past week's negotiated cash cattle trade.
Rick Kment
DTN Analyst
GENERAL COMMENTS:
It was a wild day for the cattle complex as fed cash cattle prices jumped
$6.00 to $8.00 higher and the board echoed the cash market's excitement. March
corn is down 3 1/4 cents per bushel and March soybean meal is down $10.40. The
Dow Jones Industrial Average is down 140.82 points.
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