DTN Ag Host Midday Livestock

It’s frustrating to see the cattle contracts again trading lower when the market’s fundamentals have been strong this week. Unfortunately, that’s sometimes how “the cookie crumbles” when the market’s technical influence has more power than its fundamentals do. A single bid is currently on the table in Nebraska at $405, but no new trade has been noted. July corn is up 4 3/4 cents per bushel and July soybean meal is up $1.80. The Dow Jones Industrial Average is up 10.47 points and NASDAQ is up 371.80 points.