DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 08:31 -- December corn is down 3 3/4 cents per bushel, November soybeans are down 12 3/4 cents, September KC wheat is up 6 1/2 cents, September Chicago wheat is up 4 cents and September Minneapolis wheat is up 3 cents. The Dow Jones Industrial Average is down 399.79 points. The U.S. Dollar Index is down 0.020 and September crude oil is up $5.10 per barrel. August gold is down $25.90 per ounce. Wheat and bean oil are higher and corn, soybeans and soymeal lower. Wheat is firmer on the slowdown of Black Sea shipments of grain due to the ongoing mutual attacks by Russian and Ukraine.

Livestock

Posted 08:33 -- October live cattle are up $0.68 at $222.85, September feeder cattle are up $1.25 at $338.475, October lean hogs are down $0.28 at $88, December corn is down 3 3/4 cents per bushel and December soybean meal is down $3.70. The Dow Jones Industrial Average is down 396.25 points and the NASDAQ is down 79.38 points. The cattle complex continues to trade higher, seeming to completely forget and move past the concern about the border reopening on August 24. No bids are currently being offered in the fed cash cattle market but packer interest will likely improve throughout the day.

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