DTN's Quick Takes

Todd Hultman
DTN Analyst
and
Rick Kment
DTN Analyst

Grains

Posted 08:36 -- After the 8:30 open, December corn is up 3 1/2 cents, November soybeans are up 6 3/4 cents, and December Chicago wheat is up 3 cents. December soybean oil is up .41 after October palm oil was up 3.2% overnight and that is giving soybean prices a modest lift. The U.S. dollar index is down .23 after the U.S. Labor Department said that non-farm payrolls were up 151,000 in August, less than was expected.

Livestock

OMAHA (DTN) -- Cattle futures are attempting to create some market stability following sharp losses at opening bell and aggressive pressure Thursday. Feeder cattle futures are leading the market shift with prices $1 per cwt higher in nearby contracts. This support reduced losses in live cattle markets to 10 to 20 cents per cwt with the potential to move prices higher through the morning. Trade volume remains light across the entire complex due to the long holiday weekend, so prices may be volatile during the session. Hog futures have turned lower, but remain in a tight trading range.

(KA)

Copyright 2016 DTN/The Progressive Farmer. All rights reserved.