DTN Ag Host Midday Livestock

DTN Midday Livestock

Buying momentum quickly developed early Tuesday morning, following traders returning from the long holiday weekend and aggressively stepping into September. Nearby live cattle and feeder cattle futures have set new contract highs once again during morning trade, with traders looking for additional fundamental and technical direction in the days and weeks to come. Lean hog futures remain mostly higher, but remain much more subdued than the cattle market during early week trade. December corn is down 1 1/4 at $4.19 and December soybean meal is down $5.60 at $283.4. The Dow Jones Industrial Average is down 515.02 at 45,029.86.