Futures

Periodic Updates on the Grains, Livestock Futures Markets

(Illustration by Nick Scalise)


OMAHA (DTN) — Posted 08:32 — March corn is down 1/4 cent per bushel, March soybeans are down 5 3/4 cents, March KC wheat is down 5 1/2 cents, March Chicago wheat is down 3 1/2 cents and MIAX May Minneapolis wheat is down 0.0350 cents. The Dow Jones Industrial Average is down 1.76 points. The U.S. Dollar Index is down 0.030 and March crude oil is down $0.11 per barrel. April gold is up $75.80 per ounce. Grain and soy markets are just moderately lower in a correction from Thursday’s solid gains to end the week. There is little other grain-related news. The inflation number came in lower than expected on the CPI at 2.4%, resulting in only a modest bounce in equities following Thursday’s drubbing.

Posted 08:37 — April live cattle are up $0.63 at $241.275, March feeder cattle are up $0.63 at $366.35, April lean hogs are up $0.10 at $91.925, March corn is down 1/2 cent per bushel and March soybean meal is down $0.60. The Dow Jones Industrial Average is down 55.51 points and NASDAQ is up 6.15 points. In hoping that the fed cash cattle market will indeed trade higher today — the cattle contracts are again trading higher at the day’s start. Asking prices are noted at $245 to $247 in Texas, but no other developments have surfaced yet.

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