DTN Ag Host Midday Livestock

Emotional damage done this past week is the primary reason why the cattle complex is trading lower. With the chaos that ensued over the announcement of potentially cheapening beef prices with Argentina imports, the market was a hot topic this week for everyone. Now that the market sits a couple of hours away from closing for the week, traders are waving their white flag, all but saying, “We’ve had enough already, let this week end.” December corn is down 4 3/4 cents per bushel and December soybean meal is up $1.60. The Dow Jones Industrial Average is up 485.37 points and the NASDAQ is up 286.60 points.