DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 10:41 -- December corn is up 1 3/4 cents per bushel, November soybeans are up 2 1/2 cents, December KC wheat is up 3 1/2 cents, December Chicago wheat is up 5 1/2 cents and MIAX December Minneapolis wheat is up 0.0100 cents. The Dow Jones Industrial Average is down 59.99 points. The U.S. Dollar Index is up 0.540 and November crude oil is down $0.13 per barrel. December gold is down $3.30 per ounce. At mid-morning, corn and soybeans are setting back from the highs, but remain higher, as does wheat. Perhaps the big news is the short-lived zero export tax for Argentine ag products. Those taxes (such as 26% on soybeans) have been reinstated, giving markets a minor boost. Clear harvest weather ahead should result in some hedge pressure soon.

Posted 08:34 -- December corn is up 2 cents per bushel, November soybeans are up 4 3/4 cents, December KC wheat is up 5 1/4 cents, December Chicago wheat is up 5 1/2 cents and MIAX December Minneapolis wheat is up 0.0375 cents. The Dow Jones Industrial Average is down 121.88 points. The U.S. Dollar Index is up 0.280 and November crude oil is down $0.53 per barrel. December gold is up $1.40 per ounce. Grain and soy markets are modestly higher, supported by the news that Argentina reinstated their export taxes, but a clear path ahead for harvest in the central U.S. is likely to lead to more pressure.

Livestock

Posted 11:37 -- December live cattle are down $3.48 at $233.35, October feeder cattle are down $7.68 at $351.95, December lean hogs are up $1.25 at $89.375, December corn is up 1/4 cent per bushel and December soybean meal is down $2.50. The Dow Jones Industrial Average is down 68.71 points and the NASDAQ is down 76.66 points. There's been some light cash cattle trade noted in the North at $365, which is $6.00 lower than last week's weighted average. Asking prices are firm in the South at $242 to $244, but are still not established in the North.

Posted 08:41 -- December live cattle are down $1.83 at $235., October feeder cattle are down $3.53 at $356.1, December lean hogs are up $0.03 at $88.15, December corn is up 2 cents per bushel and December soybean meal is up $0.50. The Dow Jones Industrial Average is down 125.21 points and NASDAQ is down 226.09 points. Beef net sales of 8,400 mt for 2025 were down 47% from the previous week and 42% from the prior 4-week average. The three largest buyers were Japan (2,000 mt), Mexico (1,800 mt) and South Korea (1,300 mt). Pork net sales of 29,400 mt for 2025 were up 34% from the previous week and 12 percent from the prior 4-week average. The three largest buyers were Mexico (10,000 mt), South Korea (4,900 mt) and Japan (3,800 mt).

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