DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- Posted 10:31 -- December corn is up 3 1/4 cents per bushel, November soybeans are up 7 1/2 cents, December KC wheat is up 6 3/4 cents, December Chicago wheat is up 4 1/2 cents and December MIAX wheat is up 4 1/4 cents. The Dow Jones Industrial Average is down 79.47 points. The U.S. Dollar Index is down 0.350 and November crude oil is up $0.40 per barrel. December gold is down $4.50 per ounce. All of the grain and soy markets have recovered to trade higher with the exception of soybean meal, with soybeans leading the way higher on the strong bean oil showing. Despite China's return from holiday, there were once again no new export sales announced early Tuesday.

Posted 08:31 -- December corn is up 1 cent per bushel, November soybeans are down 3 1/4 cents, December KC wheat is up 3 cents, December Chicago wheat is up 1 3/4 cents and December MIAX wheat is up 3/4 cent. The Dow Jones Industrial Average is up 321.34 points. The U.S. Dollar Index is down 0.390 and November crude oil is down $1.01 per barrel. December gold is up $18.30 per ounce. Soybeans and soymeal weaken while bean oil is firmer. Corn and wheat are mixed in very quiet trade with little fresh news.

Livestock

Posted 11:14 -- December live cattle are down $0.75 at $225.85, November feeder cattle are down $1.30 at $339.8, December lean hogs are down $0.43 at $67.95, December corn is up 3 1/4 cents per bushel and December soybean meal is down $3.90. The Dow Jones Industrial Average is down 177.23 points and NASDAQ is down 53.04 points. Asking prices have surfaced in Texas at $230, but still no trade has developed, and it's most likely that trade will be delayed until the latter half of the week. Without follow-through fundamental support, livestock contracts are trading lower into midday Tuesday.

Posted 08:38 -- December live cattle are up $0.95 at $227.55, November feeder cattle are up $1.18 at $342.275, December lean hogs are down $0.25 at $68.125, December corn is up 2 cents per bushel and December soybean meal is down $6.40. The Dow Jones Industrial Average is up 335.98 points and the NASDAQ is down 94.46 points. With bullishness still the cattle complex's underlying theme, both the live cattle and feeder cattle contracts are trading higher at Tuesday's start. Still no bids or asking prices have surfaced in the fed cash cattle market.