DTN Ag Host Midday Livestock

The livestock complex is handling Monday’s trade a bit more cautiously as traders yearn to see more fundamental support. Especially in the cattle complex, with both the live cattle and feeder cattle contracts nearing their 40-day and 100-day moving averages, traders will need to see more fundamental support before they’ll challenge those moving averages. March corn is down 1 cent per bushel and January soybean meal is down $0.50. The Dow Jones Industrial Average is down 233.45 points and NASDAQ is down 68.95 points.