(Illustration by Nick Scalise)
OMAHA (DTN) — July corn is down 3 1/4 cents a bushel, July soybeans are down 10 1/2 cents, July KC wheat is down 1 cent, July Chicago wheat is stable and Minneapolis July wheat is up 1/4 cent. The Dow Jones Industrial Average is up 19.79 points and crude oil is up $0.75 a barrel in June. The US Dollar Index is down 0.130 and Gold is down $15.20 an ounce in June. Soybean, soybean meal and corn futures continue their downward move as wheat markets start only slightly higher on a day without much news to drive markets.
Posted at 8:32 am — June live cattle down $0.38 to $163.975, May feed cattle down $0.43 to $211.925, June lean hogs down $0.05 to $85.125 up, corn is down 2 1/2 cents a bushel in July and soybean meal is down $2.70 in July. The Dow Jones Industrial Average is up 38.42 points. The cash cattle market has no renewed bids at this point, although it’s likely that some more trading could develop by the end of Friday. Cattlemen will focus on Friday afternoon’s Cattle on Feed report and how it might affect trading next week.
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