Posted 8:33 – December Corn is down 21 1/4 cents a bushel, November Soybeans are down 53 cents, September KC Wheat is down 26 1/2 cents, September Chicago Wheat is down 23 Down 1/2 cent and wheat in Minneapolis in September is down 25 3/4 cents. The Dow Jones Industrial Average is down 169.24 points and crude oil is down $4.87 a barrel in September. The US dollar index is up 0.370 and gold is down $19.90 an ounce in December. A rough start to the week, with cooler temperatures and rain in some of the driest areas of the Corn Belt and pressure from more bad economic news in China, has pushed crude oil futures to their lowest levels since March.
Posted 19:04 — Corn is down 7 cents in December and soybeans are down 16 cents in November after Sunday night’s open. It didn’t rain much over the weekend, but there are chances over the next few days from South Dakota to Missouri. Moderate to cool temperatures will prevail in the corn belt this week and even triple digit temperatures from Kansas to Texas will disappear later in the week. September KC wheat is down 7 1/4 cents and September Minneapolis wheat is down 10 1/2 cents. September crude oil is down $0.45 and Dow Jones futures are down 82 points. The US Dollar Index is up 0.05 and August Gold is down $0.30. On Thursday, OPEC revised downwards its estimate of oil demand for the second half of the year.
Posted 11:36 — October live cattle are up $0.10 to $144.6, September feed cattle are up $0.78 to $184.15, October lean hogs are up $0.25 Up $100.275, December Corn is down 14 1/4 cents a bushel and December Soybean Meal is down $13.50. The Dow Jones Industrial Average is up 130.10 points. The negotiated cattle slaughter last week totaled 100,017 head. Of these, 65% (64,722 pieces) were for nearby deliveries, while the remaining 35% were for delayed deliveries. As the packers are still taking the bulk of last week’s purchases to nearby suppliers, their behavior continues to show us that they are underpaid and in need of livestock.
Posted 08:37 — October live cattle are up $0.30 to $144.8, September feed cattle are up $1.53 to $184.9, October lean hogs are up $0.33 Down $99.7, December corn is down 19 1/4 cents a bushel and December soybean meal is down $11.30. The Dow Jones Industrial Average is down 137.17 points. As the livestock sector welcomes a new week, the market’s immediate focus is on the corn complex and its steep 20 cent regression on nearby contracts. The livestock and feedstock markets are trading higher as the corn market bleeds lower, but the lean hog complex is technically under pressure to trade lower early Monday.
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