Posted at 8:32 a.m. – March corn down 4 cents per bushel, January soybeans down 14 1/4 cents per bushel. In March, KC wheat fell 10 1/2 cents per bushel, in March, Chicago wheat fell 5 1/2 cents per bushel, and in March, Minneapolis wheat fell 8 3/4 cents. The Dow Jones Industrial Average fell 12.28 points to 35,938.61, the U.S. dollar index rose 0.110 to 103.61 and crude oil fell $0.01 a barrel to $75.95 in January. The USDA announced two additional new sales of soybeans for 2023-24: sales of 132,000 metric tons (4.85 million metric tons) to China and 198,000 metric tons (7.3 million metric tons) to unknown destinations. Grain and soybean markets are lower early Friday, with the exception of soybean oil in quiet trading.
Posted at 11:54 a.m. — February live cattle are down $0.75 to $171,075, January feeder cattle are down $2.30 to $217.65, February lean hogs are down $0.85 to $70,625 down, corn up 5 1/4 cents a bushel in March and soybean meal down $5.50 in January. The Dow Jones Industrial Average rose 284.82 points. The bar cattle trade is quiet at lunchtime and business for the week is probably complete, although there may be a little tidying up here and there. Beef cuts are mixed at noon (Select 298.02 -1.00, Select 265.91 +1.16) with moderate to good box agitation (78 lds select cuts, 10 lds select cuts, 00 lds trim and 28 lds ground), with a Selection/selection range from November 32nd. 121,000 cattle are expected to be slaughtered on Friday and 78,000 cattle are expected to be killed on Saturday. Lunch pork cuts are 83.74, -0.09, with a total load of 198.99. 481,000 pigs are expected to be slaughtered on Friday and 282,000 pigs are expected to be slaughtered on Saturday.
Posted 8:36 a.m. – February live cattle are up $0.15 to $171,975, January feeder cattle are up $0.83 to $220,775, February lean hogs are up $0.58 to $70.9, March corn is up 2 1/4 cents per bushel and January soybean meal $7.40. The Dow Jones Industrial Average fell 16.78 points. So far this week, Sothern's live deals have been valued at $171 to $175, mostly $174 to $175, or $2 to $3 less than last week's weighted averages. Northern Clothing sales were $275, $4 lower than the previous week's weighted average. More business is expected today, albeit somewhat sporadic. The forecast CME Lean Hog Index for November 29 fell $0.18 to $71.35.
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