DTN’s Livestock Quick Takes

OMAHA (DTN) — October live cattle are up $1.20 at $231.375, October feeder cattle are up $1.53 at $351.45, October lean hogs are up $1.20 at $97.325, December corn is down 2 1/4 cents per bushel and December soybean meal is down $2.90. The Dow Jones Industrial Average is down 256.75 points and NASDAQ is up 57.35 points. The live cattle contracts are back to trading higher following Tuesday’s meltdown, but the feeder cattle contracts remain more skeptical. Bids are on the table in both Kansas and Nebraska, but no new trade has developed following Tuesday’s light business.

Posted 08:37 — October live cattle are up $0.23 at $230.4, October feeder cattle are down $0.60 at $349.325, October lean hogs are up $0.15 at $96.275, December corn is down 3/4 cent per bushel and December soybean meal is down $0.10. The Dow Jones Industrial Average is down 58.67 points and NASDAQ is up 92.09 points. Following Tuesday’s sharp downturn, the cattle complex is trading mixed as the feeder cattle contracts remain leery to trade higher but the live cattle contracts are stronger at the day’s start. No new cash cattle trade has developed yet following the thin movement that was noted on Tuesday, but it is expected that cattle will trade lower this week.