DTN’s Livestock Quick Takes

OMAHA (DTN) — Posted 11:31 — August live cattle are up $0.13 at $239.775, August feeder cattle are down $0.95 at $347.475, July lean hogs are down $0.10 at $101.55, July corn is down 6 cents per bushel and July soybean meal is down $3.60. The Dow Jones Industrial Average is down 429.03 points and the NASDAQ is down 288.00 points. With fears above New World screwworm lingering, the cattle contracts continue to trade lower. Meanwhile a few sales were noted this morning in Nebraska at $405 but not enough cattle have traded to say that any sort of a trend has been established yet this week.

Posted 08:34 — August live cattle are down $2.60 at $237.05, August feeder cattle are down $5.68 at $342.75, July lean hogs are down $0.43 at $101.225, July corn is down 1 cent per bushel and July soybean meal is up $1.40. The Dow Jones Industrial Average is down 168.02 points and the NASDAQ is up 15.15 points. With the market still chock full of concern regarding New World screwworm, the cattle contracts are still trading lower. No new cash cattle trade has developed, and it’s likely that the bulk of this week’s business will be delayed until Thursday or Friday.