Posted at 10:35 a.m. – March corn is up 3/4 cents per bushel, March soybeans are down 11 1/4 cents per bushel. March KC wheat is up 3/4 cent per bushel, March Chicago wheat is up 3 1/2 cent per bushel and March Minneapolis wheat is up 3/4 cent. The Dow Jones Industrial Average rose 256.65 points to 37,686.84, the U.S. dollar index fell 0.150 to 102.34 and crude oil fell $1.45 a barrel to $71.25 in February. Soybeans and soy products are experiencing losses due to rain in Brazil and the declining crude oil market, which can be attributed to significantly higher gasoline and diesel inventories. Markets for corn and wheat rose only slightly, with wheat trying to avoid a fourth straight decline.
Posted at 8:36 a.m. – March corn down 1 1/2 cents per bushel, March soybeans down 7 3/4 cents per bushel. In March, KC wheat fell 8 1/2 cents per bushel, in March, Chicago wheat fell 7 3/4 cents per bushel, and in March, Minneapolis wheat fell 4 cents. The Dow Jones Industrial Average rose 95.20 points to 37,525.39, the US dollar index fell 0.010 points to 102.49 and crude oil rose $0.47 a barrel to $73.17 in February . Soybeans and KC wheat fall sharply early, and corn, soy products and the other wheat markets are also declining. In weak trading, there is very little news to lift markets. The biggest rain impact in Brazil came from corn and soy, and weak demand hit wheat again.
Posted at 11:34 a.m. — February live cattle are down $0.75 to $171.1, March feeder cattle are down $0.95 to $226,075, February lean hogs are down $2.68 to 67,975 $ increased, corn was up 3/4 cent per bushel in March and soybean meal was down $2.80 in March. The Dow Jones Industrial Average rose 146.44 points. Cash Cattle country remains quiet at lunchtime, with bids still very elusive. Beef cuts are mixed at lunchtime (selection 276.97 -1.06, selection 260.22 +1.37) with light to moderate box agitation (57 lds selected cuts, 13 lds selected cuts, 13 lds trim and 06 lds ground), with a Selection/Selection Margin of 16.75. 127,000 cattle are expected to be slaughtered on Thursday. Lunch pork cuts are 84.93, +2.15, with a total load of 217.75. 486,000 pigs are expected to be slaughtered on Thursday.
Posted 8:36 a.m. — February live cattle are down $0.95 to $170.9, March feeder cattle are down $0.78 to $226.25, February lean hogs are down $0.23 to 65,075 $ down, corn down 1 1/4 cents per bushel in March and soybean meal down $1.70 in March. The Dow Jones Industrial Average rose 85.37 points. This morning cattle asking prices are over $175 in the south and over $276 in the north. Some slightly scattered trading was reported yesterday in parts of the North, mostly at $275, with some better trading types up to $278 (each $2 to $5 higher). Further business must take place later on Thursday and/or Friday. Note: The next U.S. export sales report will not be released until Friday, January 5th. The forecast CME Lean Hog Index for January 2 rose $0.14 to $65.19.
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