Posted at 10:41 am – On Friday morning, corn was up 1 1/2 cents in March and soybeans were up 5 cents in March, with soybean oil up 0.56 cents in March. March KC wheat is down 7 1/2 cents. So far traders behave on a day of easy trading. Chicago wheat fell 8 cents in March, calling for its 100-day average of $ 7.69, and Minne -olis wheat in March fell 4 3/4 cents to its lowest price in two months. The external markets are tame on Friday and tend to trend downwards for the most part. The March Dow Jones futures are down 42.00 points and the March US dollar index is down 0.31 points. Crude oil was down $ 0.87 in February and gold was up $ 10.70 in February.
Posted at 8:34 am – After opening on Friday morning at 8:30 am CST, corn is down 1/2 cents in March and soybeans are up 6 1/4 cents in March, with both soybean products trading a little higher. March KC wheat is down 2 cents. There are no reports of Friday’s notes and many traders could take the day off, making the markets potentially calm but also prone to unusual behavior. January soybean meal rises $ 3.30 after the CME reported 244 shipments of January soybeans and 36 for bean oil, but none for meal. The March Dow Jones futures are down 25.00 points and the March US dollar index is down 0.15 points. Crude oil was down $ 0.73 in February and gold was up $ 12.10 in February.
Posted at 11:35 am – February live cattle are down $ 0.38 to $ 139.6, March feeder cattle are $ 1.03 to $ 170.025, February lean pigs are $ 0.93 to $ 81.775 $ down, corn is down 1/2 cents a bushel, and soybean meal is down $ 4.00 in March. The Dow Jones Industrial Average is down 73.66 points and the NASDAQ is down 51.13 points. It’s a quiet, slow day for the ranching complex as the market has been mostly sideways without seeing any disruptive news driving prices up or down. The market thought there might be more cattle trading in the south, but packers still paid no attention to the market on Friday.
Posted at 8:32 AM – February live cattle are down $ 0.15 to $ 139.825, March feeder cattle are $ 0.05 to $ 169.05, February lean pigs are $ 0.58 to $ 83.275 $ up, corn is down 3/4 cents a bushel, and soybean meal is up $ 1.30 in March. The Dow Jones Industrial Average is down 27.57 points and the NASDAQ is down 24.66 points. As the market rolls into the last trading day of the week, livestock isn’t expecting much interest as most traders likely got out of the market early to celebrate New Year’s Eve. The USDA won’t release any reports on Friday, but DTN will continue to provide comments on the day’s trading developments.
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