Posted at 8:33 a.m. – March corn down 4 1/2 cents per bushel, March soybeans down 12 1/2 cents per bushel. March KC wheat is down 9 3/4 cents per bushel, March Chicago wheat is down 8 cents per bushel and March Minneapolis wheat is down 8 cents. The Dow Jones Industrial Average rose 1.43 points to 38,110.86, the U.S. dollar index rose 0.300 to 103.74 and March crude oil fell $0.61 a barrel to $77.40. The grain and soy markets are under strong selling pressure at the start of the new week. Some of the sales are related to the forced liquidation of one of China's largest real estate investment companies, Evergrande. While the weather in South America is largely favorable, there is a possibility that Argentine yields will be affected by continued heat and drought. Soybeans and products as well as wheat show the downward trend.
7:08 p.m. Sunday – After the Sunday evening opening, crop prices are quietly mixed. Corn is down 1/2 cent in March and soybeans are up 1/4 cent in March. Crop conditions in Argentina remain favorable but will be challenged by hot temperatures and mostly dry weather this week, while Brazil's soybean crop continues to make early progress. March KC wheat was down 2 1/4 cents and March Minneapolis wheat was down 4 cents. The 5-day forecast is mostly dry, but the 6-10 day period will be wetter for the southwestern plains. Crude oil is trading 18 cents higher in March as tensions rise in the Middle East. President Joe Biden vowed to respond after three U.S. soldiers were killed and more wounded in Jordan under attack by Iran-backed militants. Dow Jones futures fell 87 points, the US dollar index rose 0.10 and April gold prices rose $4.40.
OMAHA (DTN) – April live cattle increased $1.45 to $183,125, March feeder cattle increased $1.93 to $241,625, April lean hogs increased $0.08 Dollars rose to $83.325, March corn was down 7 cents a bushel and March soybean meal was up $4.50. The Dow Jones Industrial Average rose 14.75 points. New show listings seem to be a mixed bag, slightly higher in Nebraska/Colorado, slightly lower in Texas, and lower in Kansas. Last week's negotiated cash trade totaled 83,353 animals. Of these, 89% (74,496 units) were intended for local delivery, while the remaining 11% (8,857 units) were intended for delayed delivery.
Posted 08:37 — April live cattle are down $0.03 to $181.65, March feeder cattle are up $0.70 to $240.4, April lean hogs are up $0.18 to 83,075 $ dropped, March corn was down 4 1/2 cents per bushel and March soybean meal was down $1.10. The Dow Jones Industrial Average rose 2.49 points. After a strong performance across all livestock markets last week, traders will be tested early this week as to whether they are as confident in the market as they were last week. Cash cattle trading is likely to be delayed this week until after Wednesday, when the semi-annual livestock report is released.
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