(Illustration by Nick Scalise)
OMAHA (DTN) – After opening at 8:30 a.m. CST, the three major crops are all lower while forecasts remain generally favorable for both Brazil and Argentina. March corn is down 2 1/2 cents and March soybean prices are down 3 3/4 cents. May KC wheat is down 8 3/4 cents, with precipitation possible on Thursday and Friday. Minneapolis wheat fell 5 1/4 cents in May. April crude oil prices are down $0.45 and Dow Jones futures are down 140 points. The US Dollar Index fell by 0.01 and gold prices for April rose by $13.60.
Posted 08:38 — April live cattle are up $0.48 to $187.15, April feeder cattle are up $1.03 to $256,775, April lean hogs are down $0.05 to $86,225 , in May corn was down 2 3/4 cents per bushel and in May soybean meal was down $2.30. The Dow Jones Industrial Average is down 145.55 points. After the barren day on Monday, the livestock population is mostly in the black again. No bids or ask prices were released in the cash-catching market and trading is likely to be delayed until the second half of the week.
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