DTN Closing Livestock Comment 02/05 16:05
5 Feb 2021
DTN Closing Livestock Comment 02/05 16:05 Cash Cattle $1 $2 Stronger by Friday Close Heading into the weekend, live cattle and lean hog futures look back on the week, feel proud of the gains achieved and optimistically look to next week's business. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Friday's trade wasn't overly eventful as the futures market was lackadaisical and the cash cattle market was slow develop. Feedlots managed their showlists to the best of their abilities and were once again able to push the cash market higher! Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.17 with a weighted average of $61.33 on 6,588 head. March corn is down 1 1/2 cents per bushel and March soybean meal is down $2.60. The Dow Jones Industrial Average is up 92.38 points and NASDAQ is up 78.56 points.