Posted at 10:34 a.m. – Corn corn prices are down 3/4 cent per bushel, May soybean prices are down 1/4 cent per bushel. May KC wheat fell 6 1/2 cents per bushel, May Chicago wheat fell 2 1/4 cents per bushel and May Minneapolis wheat fell 4 3/4 cents. The Dow Jones Industrial Average fell 205.20 points to 38,687.60, the U.S. dollar index fell 0.010 to 104.14 and May crude oil fell $0.77 a barrel to $85.66. The color red has covered agricultural quotes so far, with corn, wheat, soybeans and bean oil all slightly lower in quiet trading and a lack of news; but corn and beans are trying to return to unchanged levels. Better planting weather for corn and soy as well as the continued favorable condition of wheat, the best since 2020, put the markets under pressure in the morning.
Posted at 8:38 a.m. – May corn price is down 2 cents per bushel, May soybean price is down 5 1/2 cents per bushel. May KC wheat fell 11 1/2 cents per bushel, May Chicago wheat fell 10 cents per bushel and May Minneapolis wheat fell 8 3/4 cents. The Dow Jones Industrial Average rose 94.08 points to 38,986.88, the US dollar index fell 0.260 to 103.88 and May crude oil fell $0.00 a barrel to $86.43. The wheat and soy markets are under strong selling pressure early on due to favorable weather and stable wheat harvest rates. While the weather is particularly active this week in the Delta and Southeast, next week promises a warmer and drier trend that will accelerate planting progress.
Posted at 11:32 a.m. – June live cattle are up $1.25 to $174,575, May feeder cattle are up $1.80 to $238,975, June lean hogs are up $0.13 to $108.05 increased, May corn was down 3 1/4 cents per bushel and May soybean meal was down $1.00. The Dow Jones Industrial Average fell 119.08 points. Traders appear to be regaining some confidence as they advance all three livestock contracts into midday on Tuesday. No business has yet developed at the Cash Cattle complex and is not expected to open until Thursday or Friday.
Posted 08:38 – June live cattle are up $0.23 to $173.55, May feeder cattle are down $0.10 to $237,075, June lean hogs are up $0.43 to $108.35 rose, May corn was down 1 3/4 cents per bushel and May soybean meal was down $1.60. The Dow Jones Industrial Average rose 79.32 points. Livestock levels are mostly higher as traders once again look to regain their position after last week's poor performance. The feeder cattle market remains the weakest link in the livestock population, but could potentially trade higher if the live cattle market provides support through higher trading.
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