DTN’s Livestock Quick Takes

OMAHA (DTN) — October live cattle are down $5.68 at $230.125, October feeder cattle are down $9.25 at $349.925, October lean hogs are up $0.93 at $96.075, December corn is down 2 1/4 cents per bushel and December soybean meal is up $2.30. The Dow Jones Industrial Average is up 108.82 points and NASDAQ is up 14.98 points. It’s been a painstaking morning for the cattle complex as traders continue to liquidate their positions amid concern about the market’s technical state and overextended position. No developments have surfaced yet for the fed cash cattle market.

Posted 08:50 — October live cattle are down $1.40 at $234.50, September feeder cattle are down $2.22 at $358.85, October lean hogs are up $0.67 at $95.82. December corn is down 2 3/4 cents per bushel, November soybeans are down 3 1/2 cents, December KC wheat is down 4 1/2 cents, December Chicago wheat is down 2 1/4 cents and MIAX December Minneapolis wheat is down 0.0150 cents. The Dow Jones Industrial Average is up 30.80 points. The cattle complex is off to a mixed start as the cattle contracts are again being leery of trading too much higher, but the hog complex continues to inch higher. No trade has developed yet in the cash cattle complex and won’t likely until Wednesday or later.