The livestock complex has finally found some technical support late in the week, which is partly because of the morning's favorable export report. Later this afternoon, the monthly Cattle on Feed report will be released, which will be a big ticket item for the market. March corn is down 4 3/4 cents per bushel and March soybean meal is down $0.70. The Dow Jones Industrial Average is down 463.62 points.
Friday's export report shared that beef net sales of 21,500 mt for 2025 were up 64% from the previous week and up 35% from the previous 4-week average. The three primary buyers were Japan (9,800 mt), South Korea (3,400 mt) and China (2,700 mt). Pork net sales of 25,600 mt for 2025 were up 3% from the previous week, but down 27% from the prior 4-week average. The three largest buyers were Mexico (5,700 mt), Japan (4,100 mt) and Colombia (3,800 mt).
(c) Copyright 2025 DTN, LLC. All rights reserved.
