DTN Ag Host Midday Livestock

The livestock complex is trading cautiously into Tuesday’s noon hour as traders are well aware and respecting the market’s resistance thresholds and currently don’t see enough support in the market to push the contracts above those thresholds. No bids or asking prices have surfaced yet in the fed cash cattle market. March corn is up 1 1/4 cents per bushel and January soybean meal is down $3.00. The Dow Jones Industrial Average is up 111.78 points and the NASDAQ is up 46.86 points.