AgHost Livestock Close

Tuesdays tend to be a lackadaisical day for the cattle complex, but between some early developments in the fed cash cattle market to the midmorning news that broke that there were ICE raids at Omaha, Nebraska, food processors — today was anything but lackadaisical. JBS told DTN their plant was not raided. Some light cash cattle trade developed in Texas at $235, which is $5.00 higher than last week’s weighted average. July corn is up 5 1/4 cents per bushel and July soybean meal is up $0.40. The Dow Jones Industrial Average is up 105.11 points and NASDAQ is up 123.75 points.