DTN Ag Host Midday Livestock

Although there have been some positive developments in the fed cash cattle market, that has yet to benefit the cattle contracts, as currently both the live cattle and feeder cattle contracts are trading lower into midday Thursday. Some light trade has been marked in the North at $402, which is $3.00 higher than last week’s weighted average. Some light trade has been noted in the South at $256 to $257, which is $2.00 higher than last week’s weighted average. July corn is down 2 cents per bushel and July soybean meal is up $0.60. The Dow Jones Industrial Average is down 190.58 points and the NASDAQ is up 32.95 points.