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DTN Closing Livestock Comment 02/06 15:59
   Cattle Futures Plummet Lower Thursday

   Despite the midweek price bounce, traders took a bearish approach to cattle
markets Thursday. Triple-digit losses held in all cattle contracts as traders
remain concerned about follow-through pressure in the coming days.

Rick Kment
DTN Analyst

GENERAL COMMENTS:

   Feeder cattle futures quickly led the cattle market for another day of sharp
losses as midweek buyer support was unable to be sustained. Traders continue to
focus on any fear of tariff announcements and allowing Mexican cattle to
reenter the US market. The volatility in the market continues to be the main
driver of both live cattle and feeder cattle prices with markets quickly
eroding from last week's highs and trying to reestablish any sense of market
support at current prices. Hog futures were steady to fractionally higher in
limited trade Thursday. Hog prices closed lower on the Daily Direct Afternoon
hog report, down $0.48 with a weighted average of $86.23 on 1,502 hogs. March
corn closed up 2 at $4.953 and March soybean meal closed down $1.90 at $306.4.
The Dow Jones Industrial Average is down 125.65 at 44,747.63.