DTN Ag Host Midday Livestock

With the help of some bullish developments in the fed cash cattle market, the cattle complex is beginning to push on the market’s resistance at its 100-day moving average. A light trade has developed in Nebraska where dressed cattle are trading at $355, $12.00 higher than last week’s weighted average. March corn is up 1/2 cent per bushel and January soybean meal is up $1.00. The Dow Jones Industrial Average is up 628.45 points and the NASDAQ is down 146.91 points.