Posted at 10:34 a.m. – March corn up 2 1/4 cents per bushel, March soybeans down 5 cents per bushel. March KC wheat is down 1 3/4 cents per bushel, March Chicago wheat is steady and March Minneapolis wheat is up 1 3/4 cents per bushel. The Dow Jones Industrial Average rose 45.67 points to 37,570.83, the US dollar index fell 0.120 to 102.45 and crude oil fell $0.14 a barrel to $72.10 in February. In low volume trading, March corn is a few cents firmer, while soybeans and produce are weaker, with wheat still mixed. The weather in Brazil remains predominantly pessimistic in the short term.
Posted at 8:33 a.m. – March corn down 2 1/4 cents per bushel, March soybeans down 8 cents per bushel. March KC wheat is down 5 1/2 cents per bushel, March Chicago wheat is down 2 cents per bushel and March Minneapolis wheat is down 3/4 cent. The Dow Jones Industrial Average rose 42.92 points to 37,568.08, the US dollar index fell 0.040 to 102.54 and crude oil rose $0.80 a barrel to $73.04 in February. Grain and soy markets are all lower heading into Wednesday. There is little new news to drive markets as traders await Friday's January WASDE report.
Posted at 11:31 a.m. – February live cattle are up $0.38 to $171.15, March feeder cattle are up $1.68 to $226.55, February lean hogs are up $0.25 Down $71,625, March corn is up 3/4 cent per bushel and March soybean meal is down $2.30. The Dow Jones Industrial Average rose 51.39 points. Everything remains quiet in the cattle pastures; Significant trading volume is likely to be delayed until Thursday and/or Friday. Beef proportions are higher at midday (Selection 281.95 +1.79, Selection 266.94 +4.11) with light to moderate box movement (49 lds selected cuts, 10 lds selected cuts, 07 lds trim cuts and 18 lds ground cuts), with a selection/selection range from January 15th. 116,000 cattle are expected to be slaughtered on Wednesday. Lunch pork cuts are 88.38, +3.85, with a total load of 154.96. 458,000 pigs are expected to be slaughtered on Wednesday.
Posted 08:33 — February live cattle are up $0.95 to $171,725, March feeder cattle are up $1.08 to $225.95, February lean hogs are up $0.90 to 70,975 $ dropped, March corn was down 2 3/4 cents per bushel and March soybean meal was down $2.50. The Dow Jones Industrial Average rose 72.79 points. In cash cattle country, some early asking prices above $174 are being noted in parts of the south, but have yet to be defined in the north. Offers in all areas are currently very difficult to access. The forecast CME Lean Hog Index for January 8 rose $0.09 to $65.83.
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