DTN's Quick Takes

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)
Grains

OMAHA (DTN) -- Posted 08:32 -- December corn is up 7 1/2 cents per bushel, November soybeans are up 14 1/4 cents, December KC wheat is up 7 1/2 cents, December Chicago wheat is up 7 cents and December MIAX wheat is up 4 1/4 cents. The Dow Jones Industrial Average is up 207.25 points. The U.S. Dollar Index is up 0.070 and November crude oil is down $3.12 per barrel. December gold is down $28.40 per ounce. Grain and soy markets start the new week strong led by corn and soybeans. Crude oil futures are down nearly $4 per barrel on the fourth straight day of the correction. Traders are looking forward to the trade meeting between the U.S. and China on Thursday.

Livestock

Posted 08:33 -- December live cattle are up $2.45 at $219.075, October feeder cattle are up $4.13 at $327.625, December lean hogs are up $0.23 at $68.775, December corn is up 8 cents per bushel and December soybean meal is up $3.90. The Dow Jones Industrial Average is up 308.18 points and the NASDAQ is up 196.94 points. The livestock complex is off to a stronger start, as traders note the decrease in Friday's Cattle on Feed placements. Noting the USDA reports today will be vital as it's unknown exactly how trade developed in the Southern plains last week for the fed cash cattle market.

P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
P[L2] D[728x90] M[320x50] OOP[F] ADUNIT[] T[]
P[R1] D[300x250] M[300x250] OOP[F] ADUNIT[] T[]
P[R2] D[300x250] M[320x50] OOP[F] ADUNIT[] T[]
DIM[1x3] LBL[] SEL[] IDX[] TMPL[standalone] T[]
P[R3] D[300x250] M[0x0] OOP[F] ADUNIT[] T[]