DTN’s Livestock Quick Takes

OMAHA (DTN) — October live cattle are up $0.08 at $236.05, October feeder cattle are up $1.65 at $359.55, October lean hogs are down $0.78 at $95.25, December corn is up 2 1/2 cents per bushel and December soybean meal is up $1.80. The Dow Jones Industrial Average is down 12.39 points and NASDAQ is up 116.18 points. The livestock complex is starting the week out stronger as traders see an opportunity to advance the contracts. New showlists appear to be mixed, higher in Kansas, but lower in Texas and Nebraska/Colorado.

Posted 08:36 — October live cattle are up $0.68 at $236.65, October feeder cattle are up $1.08 at $358.975, October lean hogs are down $0.18 at $95.85, December corn is down 1 3/4 cents per bushel and December soybean meal is down $0.00. The Dow Jones Industrial Average is down 30.70 points and NASDAQ is up 109.52 points. The cattle contracts have found some technical support following last week’s deterioration. It will be imperative to see exactly how many cattle sold last week on USDA’s report midmorning as that will indicate how aggressive packers will likely be in this week’s cash market.