Posted at 10:35 a.m. – March corn up 4 1/2 cents per bushel, March soybeans down 2 3/4 cents per bushel. March KC wheat is up 18 1/2 cents per bushel, March Chicago wheat is up 18 3/4 cents per bushel and March Minneapolis wheat is up 13 cents. The Dow Jones Industrial Average rose 95.27 points to 37,481.24, the U.S. dollar index fell 0.140 to 101.56 and crude oil rose $2.26 a barrel to $75.82 in February. Wheat markets are rising on Tuesday morning and corn is rising too. Soybeans and soy products are likely to be under pressure due to upcoming rains in Brazil. Chicago March Wheat has successfully challenged key moving averages and funds are likely covering some short positions.
Posted at 8:34 a.m. – March corn up 2 1/4 cents per bushel, March soybeans up 7 cents per bushel. March KC wheat is up 7 cents per bushel, March Chicago wheat is up 7 cents per bushel and March Minneapolis wheat is up 4 3/4 cents. The Dow Jones Industrial Average rose 40.26 points to 37,426.23, the US dollar index fell 0.110 to 101.59 and crude oil rose $1.94 a barrel to $75.50 in February. Corn, the soy complex and wheat fended off opening weakness to trade higher. Rain chances are better in the driest areas of Brazil later this week, but before then there will be some hotter and drier weather through the weekend.
Posted at 11:52 a.m. – February live cattle are up $1.10 to $169,625, March feeder cattle are down $0.50 to $223.9, February lean hogs are up $2.13 to $69,225 decreased, March corn was up 5 1/4 cents per bushel and March soybean meal was up $1.20. The Dow Jones Industrial Average rose 123.70 points. At midday on Tuesday everything is quiet in Cash Cattle Country, bids and asking prices have not yet been determined. Beef cuts are lower at lunch (select $292.45 – $0.48, select $260.70 – $0.45) with very little case movement (22 loads of select cuts, 07 loads of select cuts, 04 loads of trim and 04 loads of ground). ), with a pick/select spread of $31.75. 124,000 cattle are expected to be slaughtered on Tuesday. Note: The USDA revised Tuesday morning's National Daily Pork Report. The following information is corrected information. Lunch pork cuts are $83.26, +$1.05, for a total load of 113.88. The expected slaughter of pigs is 452,000.
Posted 8:45 a.m. – February live cattle are down $0.25 to $168,275, March feeder cattle prices are down $1.85 to $222.55, February lean hogs are down $0.85 to 70, Down $5, March corn is up 2 cents per bushel and March soybean meal is down $3.60. The Dow Jones Industrial Average rose 50.42 points. The cash cattle market is off to a slow start on Tuesday as bids and asking prices have not yet been determined. Significant trading volume is likely to be delayed until Wednesday or Thursday. The bearish feed report released Friday could potentially wipe out some of the gains made in the cash livestock market last week (Southern live sales were at a high of $171, $1 higher than the weighted averages of the The previous week, while Northern Dressing traded mostly at $171 to $270 to $271, $2 to $3 higher than the previous week's weighted averages). The forecast CME Lean Hog Index for December 21 fell $0.44 to $66.25.
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