DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- December corn is down 2 3/4 cents per bushel, November soybeans are down 3 cents, December KC wheat is up 1/4 cent, December Chicago wheat is down 1 cent and MIAX December Minneapolis wheat is down 0.0050 cents. The Dow Jones Industrial Average is up 253.99 points. The U.S. Dollar Index is down 0.080 and December crude oil is up $0.19 per barrel. December gold is down $11.60 per ounce. Corn, soybeans and bean oil are lower to start while wheat is mixed in slow trade. Traders await any word over the weekend regarding the U.S.-China trade talks over the weekend and next week. The CPI came out a bit cooler on inflation than expected, leading to calls for an interest rate cut next week and perhaps another in December.

Livestock

Posted 08:35 -- December live cattle are down $2.28 at $238.9, January feeder cattle are down $7.03 at $350.4, December lean hogs are up $0.25 at $82.025, December corn is down 3 cents per bushel and December soybean meal is up $0.50. The Dow Jones Industrial Average is up 256.93 points and NASDAQ is up 217.03 points. It will be a busy day for the cattle complex as the market has yet to really trade any cash cattle. Asking prices are noted in the South at $243 plus and are still not established in the North. Do remember that it's unknown if the monthly Cattle on Feed report will be shared as the government shutdown ensues.

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