DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- After Thursday's 8:30 a.m. CDT bell, December corn is down 2 3/4 cents and November soybeans are down 2 1/2 cents, once again showing no concern about possible crop damage from Wednesday evening storms in the western Plains as long as crops in the Eastern Corn Belt remain in good shape. September KC wheat is down 3/4 cent and September Minneapolis wheat is up 2 cents. September crude oil is up $0.48 and Dow Jones futures are up 177 points. The U.S. Dollar Index is up 0.22 after the Eurozone reported another month of contraction in the manufacturing sector and the Bank of England cut its benchmark rate by 0.25% to 5.00%. December gold is up $25.50.

Livestock

Posted 08:35 --.October live cattle are down $1.55 at $185.125, September feeder cattle are down $2.45 at $254.65, October lean hogs are up $0.75 at $76.675, December corn is down 3 cents per bushel and December soybean meal is up $0.30. The Dow Jones Industrial Average is down 199.74 points. Beef net sales of 17,700 mt for 2024 were up 32% from the previous week and 35% from the prior 4-week average. The three largest buyers were South Korea (5,300 mt), Japan (3,500 mt) and Mexico (2,100 mt). Pork net sales of 31,500 mt for 2024 were up 5% from the previous week but down 10% from the prior 4-week average. The three largest buyers were Mexico (12,800 mt), Columbia (4,100 mt) and Canada (3,700 mt).

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