DTN's Quick Takes

By DTN Analysts

Grains

Posted 10:35 -- March corn is down 2 1/2 cents and January soybeans are down 6 1/4 cents. March KC wheat is down 3 1/4 cents, March Chicago wheat is down 1 3/4 cents, and March MIAX Minneapolis wheat is down 4 1/4 cents. February crude oil is down $0.74 and Dow Jones futures are up 126 points. The U.S. Dollar Index is down 0.07 and February gold is down $12.60. At midmorning, the rout continues in row-crop futures with March soybeans completing a remarkable retracement of the late-fall rally back to mid-October lows. Meanwhile, March corn futures are challenging -- and thus far breaking below -- the 100-day moving average ($4.38 3/4), a level which has been supportive since late October. Market news to reverse the week's ugly price action is slim, while low volume is also working to keep prices locked within their immediate lower trends.

Posted 08:47 -- March corn is down 2 1/2 cents and January soybeans are down 2 3/4 cents. March KC wheat is down 5 3/4 cents, March Chicago wheat is down 4 1/2 cents, and March MIAX Minneapolis wheat is down 3 1/4 cents. February crude oil is down $0.70 and Dow Jones futures are down 196 points. The U.S. Dollar Index is up 0.09 and February gold is up $20.50. Row-crop markets are lower to begin the New Year, struggling to find price support and extending weekly losses. Trading volume will likely remain low on Friday, and thus futures may remain stuck for now in their lower patterns seen through this week.

Livestock

OMAHA (DTN) -- Posted 11:25 -- February live cattle are up $3.28 at $234.875, March feeder cattle are up $6.18 at $351.5, February lean hogs are down $0.83 at $84.275, March corn is down 2 1/2 cents per bushel and March soybean meal is down $3.00. The Dow Jones Industrial Average is up 155.88 points and NASDAQ is down 19.40 points. The cattle complex is on fire heading into Friday afternoon as traders are anxious for the year ahead and believe in the bullish fundamental outlook. Some light cash cattle trade has been reported in Nebraska at $360, which is $4.00 higher than last week's weighted average.

Posted 08:35 -- February live cattle are up $0.55 at $232.15, March feeder cattle are up $1.43 at $346.75, February lean hogs are down $0.28 at $84.825, March corn is down 1 1/4 cents per bushel and March soybean meal is down $0.90. The Dow Jones Industrial Average is up 92.20 points and NASDAQ is up 240.19 points. The cattle complex is breaking into the new 2026 calendar year higher as traders remain optimistic about the year ahead. Expect some cash cattle trade to develop today as the market hasn't traded many cattle yet this week.

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