DTN’s Livestock Quick Takes

OMAHA (DTN) — June live cattle are down $0.78 at $250.65, May feeder cattle are down $4.25 at $370.6, June lean hogs are down $0.58 at $101.875, May corn is up 7 cents per bushel and May soybean meal is up $3.10. The Dow Jones Industrial Average is down 211.78 points and the NASDAQ is up 251.42 points. The livestock complex is trading mostly lower into Wednesday’s noon hour as traders yearn to see greater fundamental support. There’s currently a bid being offered in Kansas at $248, but still no cattle have traded.

Posted 08:38 — June live cattle are down $0.30 at $251.125, May feeder cattle are down $0.73 at $374.125, June lean hogs are down $0.28 at $102.175, May corn is up 4 1/4 cents per bushel and May soybean meal is up $1.50. The Dow Jones Industrial Average is up 150.82 points and NASDAQ is up 47.41 points. The livestock complex is again off to a mixed start as traders simply need to see further fundamental support before they’ll drive the contracts any higher. Still no business has surfaced in the fed cash cattle market and there’s a chance trade could be delayed until after the week’s Cattle on Feed report.