DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 08:32 -- December corn is up 1/4 cent per bushel, January soybeans are down 4 cents, March KC wheat is up 1 cent, March Chicago wheat is down 1 cent and MIAX March Minneapolis wheat is up 0.0150 cents. The Dow Jones Industrial Average is up 183.82 points. The U.S. Dollar Index is up 0.150 and January crude oil is down $1.22 per barrel. December gold is up $3.60 per ounce. Grain and soy markets begin Friday in mixed fashion as the much-needed correction continues in soybeans and bean oil is down hard in concert with crude oil. There were no new export sales announcements early Friday.

Livestock

Posted 08:36 -- February live cattle are down $5.48 at $209.925, January feeder cattle are down $9.25 at $307.125, February lean hogs are down $1.30 at $78.35, December corn is steady and January soybean meal is steady. The Dow Jones Industrial Average is up 232.06 points and NASDAQ is up 129.07 points. An announcement came after yesterday's close that President Trump has decided to lift the 40% beef tariff on Brazil, along with some other agriculture products. This news obviously has cratered the cattle complex as traders and producers alike worry about how this will affect domestic beef prices with a surplus of imports likely going to reach the U.S. soon.

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