DTN’s Livestock Quick Takes

DTN’s Livestock Quick Takes

OMAHA (DTN) — October live cattle are up $1.48 at $228.575, September feeder cattle are up $3.28 at $342.825, October lean hogs are down $1.25 at $91.55, September corn is down 5 cents per bushel and August soybean meal is down $5.10. The Dow Jones Industrial Average is up 149.88 points and NASDAQ is up 202.54 points. The cattle complex is continuing to trade higher as traders are pleased to see the uptick in beef demand. No cash cattle trade has developed yet, just asking prices noted in the South at $238 to $240 and remain unestablished in the North.

Posted 08:35 — October live cattle are up $0.65 at $227.75, September feeder cattle are up $0.23 at $339.775, October lean hogs are up $0.10 at $92.9, September corn is down 1 3/4 cents per bushel and August soybean meal is down $0.00. The Dow Jones Industrial Average is up 42.43 points and NASDAQ is up 28.81 points. The livestock complex is again rallying at Wednesday’s start as traders remain confident that the market’s fundamentals are going to prevail again this week. Asking prices are known at $238 to $240 in the South, but remain unestablished still in the North.