DTN Closing Livestock Comment 02/03 15:32
   Strong Fundamental Outlook Helps Push Livestock Contracts Higher

   With consumer support driving both pork and beef prices higher, traders were
more than willing to let the contracts close higher Tuesday afternoon.

ShayLe Stewart
DTN Livestock Analyst

GENERAL COMMENTS:

   It was a rallying day for the livestock complex as all three of the
contracts closed higher. Still no cash cattle trade has developed, but it's
assumed that later this week, prices will be higher as fundamental support
remains incredibly strong and the outlook for 2026 is bullish. March corn is up
2 3/4 cents per bushel and March soybean meal is down $2.60. The Dow Jones
Industrial Average is down 166.67 points and the NASDAQ is down 336.92 points.