DTN’s Livestock Quick Takes

OMAHA (DTN) — Posted 11:28 — August live cattle are down $1.85 at $225.225, August feeder cattle are down $0.23 at $346.375, August lean hogs are up $1.25 at $101.525, December corn is up 2 1/2 cents per bushel and December soybean meal is down $2.90. The Dow Jones Industrial Average is down 139.98 points and the NASDAQ is down 293.71 points. No new cash cattle trade has developed and it’s looking like the bulk of this week’s cash cattle is done with. The lean hog contracts are continuing to rally as consumer demand is strong.

Posted 08:37 — August live cattle are down $0.40 at $226.675, August feeder cattle are up $0.18 at $346.775, August lean hogs are up $0.28 at $100.55, December corn is up 1/2 cent per bushel and December soybean meal is down $2.10. The Dow Jones Industrial Average is down 443.74 points and the NASDAQ is down 530.12 points. The livestock complex is keeping with its recent trend at Friday’s open — with the cattle contracts trading lower while the hog complex continues to scale higher. No bids are on the table this morning in the cash market and it’s likely that the week’s business is done with.