DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- March corn is up 1/2 cent per bushel, March soybeans are up 3/4 cent, March KC wheat is down 1/2 cent, March Chicago wheat is down 3 1/2 cents and March Minneapolis wheat is up 2 1/4 cents. The Dow Jones Industrial Average is up 83.24 points and February crude oil is down $0.21 per barrel. The U.S. Dollar Index is up 0.140 and February gold is down $4.70 per ounce. Corn and soybeans have slowed their ascent and are now mixed to start Thursday, while wheat markets are mixed. There were no new soybean sales for the first time in the past week. Soybean meal export sales were a marketing-year high at 337,400 mt, and meal is slightly higher.

Livestock

Posted 08:36 -- February live cattle are down $0.05 at $112.2, March feeder cattle are up $0.13 at $134.45, February lean hogs are down $0.65 at $66.2, March corn is up 1/4 cent per bushel and March soybean meal is up $2.00. The Dow Jones Industrial Average is up 81.09 points and NASDAQ is up 44.75 points. Beef net sales of 16,800 mt reported for 2021, increases were primarily for South Korea (4,900 mt, including decreases of 300 mt), Japan (4,100 mt, including decreases of 300) and China (2,800 mt, including decreases of 200 mt). Pork net sales of 23,800 mt reported for 2021, increases primarily for Mexico (6,600 mt, including decreases of 700 mt), Japan (3,400 mt, including decreases of 200 mt) and South Korea (3,300 mt, including decreases of 500 mt).