DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 08:41 -- December corn is down 5 cents per bushel, November soybeans are down 3 1/4 cents, December KC wheat is down 11 1/4 cents, December Chicago wheat is down 7 1/4 cents and December MIAX wheat is down 1 3/4 cents. The Dow Jones Industrial Average is down 310.41 points. The U.S. Dollar Index is up 0.230 and October crude oil is up $2.32 per barrel. December gold is down $25.00 per ounce. Grain and soybeans are lower to start early Tuesday. There is very little news other than outside market forces driving market direction.

Livestock

OMAHA (DTN)-- Posted 08:40-- October live cattle are up $0.50 at $222.75, October feeder cattle are down $0.48 at $337.375, October lean hogs are up $0.03 at $79.625, December corn is down 2 1/2 cents per bushel and December soybean meal is up $0.50. The Dow Jones Industrial Average is down 213.86 points and NASDAQ is down 72.80 points. The livestock complex is trading mostly higher, as the live cattle and lean hog contracts press onward, but some of the nearby feeder cattle contracts aren't being as resilient. No cash cattle trade has developed yet and at this time both bids and asking prices remain elusive.

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