Posted at 10:32 a.m. – December corn is up 1 1/4 cents per bushel, January soybeans are up 3 1/2 cents per bushel. March KC wheat is up 5 1/4 cents per bushel, March Chicago wheat is up 6 1/4 cents per bushel and March Minneapolis wheat is up 5 1/4 cents. The Dow Jones Industrial Average fell 90.38 points to 35,060.66, the U.S. dollar index rose 0.020 to 103.46 and crude oil fell $0.51 a barrel to $77.32 in January. Soy products have seen a turnaround, with soy oil now higher and soy meal in the red, down about $12/ton since Tuesday morning. Soybeans are still higher but nearly 20 cents below the morning high. After a brief decline below the unchanged value, KC March wheat is now trading higher again.
Posted 08:34 – December corn is up 3 3/4 cents per bushel, January soybeans are up 13 1/2 cents per bushel. In March, KC wheat rose 1 cent per bushel, in March Chicago wheat rose 2 1/4 cents per bushel, and in March Minneapolis wheat rose 1 1/2 cents. The Dow Jones Industrial Average fell 41.65 points to 35,109.39, the U.S. dollar index fell 0.200 to 103.23 and crude oil fell $0.63 a barrel to $77.20 in January. The grain and soybean markets are in positive territory, only soybean oil initially recorded a decline. Soybeans and soybean meal are continuing the impressive recovery that began Monday morning. Even more impressively, soybean strength is increasing even though there are and will be beneficial rains in the driest areas of Brazil.
Posted at 11:38 a.m. – February live cattle are down $0.90 to $175.75, January feeder cattle are down $1.25 to $228.6, December lean hogs are up $1.98 $68,375 down, December corn is stable and January soybean meal is stable. The Dow Jones Industrial Average is down 70.78 points. Things remain quiet in cattle country, there are no bids or prices. Beef cuts are lower at lunch (select $295.51, -$0.24, select $270.80, -$0.15) with light to moderate case movement (46 loads of select cuts, 13 loads of select cuts, 00L loads of meat scraps). and 08 loads of soil). , with a choice/select spread of $24.71. 127,000 cattle are expected to be slaughtered on Tuesday. Lunch pork cuts are $86.82, +$0.73, with a total load of 167.36. 488,000 pigs are expected to be slaughtered on Tuesday.
Posted 08:41 — February live cattle increased $0.23 to $176,875, January feeder cattle increased $0.48 to $230,325, December lean hogs decreased $1.15 to $69.2 , in December corn was up 3 3/4 cents per bushel and in January soybean meal was up $4.00. The Dow Jones Industrial Average is down 66.19 points. In cash-catcher land, asking prices have yet to be determined and bids remain very difficult to determine. Significant trading volume could be delayed for at least another day.
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