DTN’s Livestock Quick Takes

OMAHA (DTN) — December live cattle are up $1.78 at $246.525, November feeder cattle are up $5.23 at $381.95, December lean hogs are down $1.75 at $83.1, December corn is up 3/4 cent per bushel and December soybean meal is down $0.10. The Dow Jones Industrial Average is up 235.76 points and NASDAQ is down 64.77 points. The cattle contracts are again trading higher as the feeder cattle complex is leading the charge with its snappy $4.00 to $5.00 surge. Still no cash cattle trade has developed and it’s likely trade will be delayed until Thursday or Friday.

Posted 08:34 — December live cattle are down $0.95 at $243.8, November feeder cattle are down $0.65 at $376.075, December lean hogs are down $1.28 at $83.575, December corn is down 1 1/4 cents per bushel and December soybean meal is up $0.30. The Dow Jones Industrial Average is down 366.10 points and NASDAQ is down 322.49 points. Following Monday’s higher close, the livestock complex is now off to a slower start as traders want to see more fundamental support develop in the complex before they push prices any higher. No business has developed yet in the fed cash cattle market.