Posted at 10:41 a.m. – December corn is down 3 cents per bushel, November soybeans are down 6 1/2 cents per bushel. December KC wheat is down 8 1/4 cents per bushel, December Chicago wheat is down 2 cents per bushel and December Minneapolis wheat is down 3 1/2 cents. The Dow Jones Industrial Average rose 201.97 points to 33,321.54 and the US dollar index fell 0.290 to 106.05 and crude oil rose $0.08 a barrel to $82.39 in November. Mid-morning, grain and soy markets are still lower, with the exception of soybean oil. There isn’t much news, but the initial weakness appears to be due to the jobs report and pressure on financial markets. However, this has now subsided as inventories have increased and the crude oil market has remained almost unchanged. Nearby showers should be followed by five days of good harvest weather.
Posted at 8:37 a.m. – December corn is down 2 1/2 cents per bushel, November soybeans are down 3 cents per bushel. December KC wheat is down 8 1/4 cents per bushel, December Chicago wheat is down 6 1/4 cents per bushel and December Minneapolis wheat is down 5 1/2 cents. The Dow Jones Industrial Average fell 128.45 points to 32,991.12 and the U.S. dollar index rose 0.390 to 106.72 and crude oil rose $0.27 a barrel to $82.58 in November. Grain and soy markets are lower early Friday, with the exception of bean oil. Some pressure is coming from external markets, as higher-than-expected nonfarm payrolls have pressured stock and energy markets as the Federal Reserve is yet to finish raising interest rates. Kansas City wheat is trending downward.
Posted at 11:37 a.m. — December live cattle are up $1.23 to $186.6, November feeder cattle are up $0.35 to $250.65, December lean hogs are up $1.10 rose to $73,375, corn was down 3 1/4 cents per bushel in December and soybean meal was down $4.30 in December. The Dow Jones Industrial Average rose 227.34 points. There is a single bid of $184 in Nebraska, but no new sales have been reported at this time. It’s likely that the week’s business is essentially complete, although some cleanup could still develop.
Posted 8:36 a.m. — December live cattle are down $0.25 to $185,125, November feeder cattle are down $0.95 to $249.35, December lean hogs are down $0.53 to 71.75 $ down, December corn down 1/2 cent per bushel and December soybean meal is stable. The Dow Jones Industrial Average is down 90.74 points. There are no more bids in the cash cattle market and it looks like the week’s business is done. After closing higher on Thursday afternoon, the pork sector is trading lower again along with beef contracts.
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