DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- After the 8:30 a.m. CST open, the three primary crops are all lower, while the forecasts remain generally favorable for both Brazil and Argentina. March corn is down 2 1/2 cents and March soybeans are down 3 3/4 cents. May KC wheat is down 8 3/4 cents with chances for some precipitation on Thursday and Friday. May Minneapolis wheat is down 5 1/4 cents. April crude oil is down $0.45 and Dow Jones futures are down 140 points. The U.S. Dollar Index is down 0.01 and April gold is up $13.60.

Livestock

Posted 08:38 -- April live cattle are up $0.48 at $187.15, April feeder cattle are up $1.03 at $256.775, April lean hogs are down $0.05 at $86.225, May corn is down 2 3/4 cents per bushel and May soybean meal is down $2.30. The Dow Jones Industrial Average is down 145.55 points. The livestock complex is back to trading mostly higher after Monday's unfruitful day. The cash cattle market hasn't seen any bids or asking prices posted and it's likely that trade is delayed until the second half of the week.

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