DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- May corn is up 3/4 cent per bushel, July soybeans are up 1/2 cent per bushel. July KC wheat is down 1/4 cent per bushel, July Chicago wheat is down 2 3/4 cents per bushel and July Minneapolis wheat is up 1 1/4 cents. The Dow Jones Industrial Average is down 57.18 points at 38,446.51. The U.S. Dollar Index is up 0.120 at 105.79 and June crude oil is down $0.51 per barrel at $82.85. Wheat, corn, and soybeans are all little changed to mostly firmer in quiet trade. KC spot wheat is again stronger on a drier outlook for the southwestern Plains and southern Russia wheat areas. Soybean oil is lower, influenced by the weaker palm and crude oil markets.

Livestock

Posted 08:36 -- June live cattle are down $0.53 at $176.625, August feeder cattle are down $0.68 at $258.725, June lean hogs are down $0.75 at $107.2, May corn is up 1 1/4 cents per bushel and July soybean meal is up $2.40. The Dow Jones Industrial Average is down 54.35 points. The cattle complex is off to a lower start as traders are desperate for fundamental support in order to justify higher trade in the futures complex. Asking prices are noted in the South at $185 plus but remain unestablished in the North.

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