DTN Closing Livestock Comment 01/23 15:53
   Cattle Markets Continue to Inch Higher

   Head into Friday's market ready to see trade develop in the cash cattle
market and be on the lookout for the afternoon's Cattle on Feed report.

Rick Kment
DTN Analyst

GENERAL COMMENTS:

   The cattle contracts continued to rally through Thursday's end, but the lean
hog contracts weren't as lucky. Still no sizeable sales have developed in the
cash cattle market so Friday's market will be busy as not only will market
participants need to be looking for sales to develop but they'll also be
watching to see what the Cattle on Feed report does. March corn is up 5 1/2
cents per bushel and March soybean meal is down $0.50. The Dow Jones Industrial
Average is up 408.34 points.