Periodic Updates on the Grains, Livestock Futures Markets

By DTN Analysts

Posted 10:58 — In midmorning trade Tuesday, December corn is down 7 cents per bushel, November soybeans are down 12 3/4 cents, December KC wheat is down 15 1/2 cents, December Chicago wheat is down 12 3/4 cents and December Minneapolis wheat is down 20 cents. The Dow Jones Industrial Average is down 258 points and October crude oil is down $5.18 per barrel. The U.S. Dollar Index is down 0.054 and December gold is down $12.80 per ounce. It’s a risk-off day across the grains and outside markets, with wheat futures extending losses while losses in soybeans have been pared.

Posted 08:33 — December corn is down 6 1/4 cents per bushel, November soybeans are down 25 3/4 cents, December KC wheat is down 8 1/2 cents, December Chicago wheat is down 7 1/4 cents and December Minneapolis wheat is down 9 3/4 cents. The Dow Jones Industrial Average is up 77.24 points and October crude oil is down $3.09 per barrel. The U.S. Dollar Index is down 0.300 and December gold is down $6.40 per ounce announced a new sale of soybeans to unknown destination: sold 264,000 mt (9.7 million bushels) for the 2022-23 crop year. Grain and soybeans continue to be under pressure as soy’s improving yield potential and concern over the world economy has led to fund selling in the soy complex.

OMAHA (DTN) — October live cattle are up $1.08 at $143.975, October feeder cattle are up $2.23 at $183.3, October lean hogs are up $0.78 at $93.025, December corn is down 10 cents per bushel and December soybean meal is down $6.70. The Dow Jones Industrial Average is down 282.57 points. With the corn complex still trending lower into the afternoon, the entire livestock complex is trending higher into the second half of the day. The cash cattle market hasn’t seen any interest develop yet but given that a three-day weekend lurks ahead of the market, it’s likely packers look to get their business done early this week.

Posted 08:35 — October live cattle is steady, October feeder cattle are up $0.90 at $181.975, October lean hogs are down $0.15 at $92.1, December corn is down 8 3/4 cents per bushel and December soybean meal is down $9.00. The Dow Jones Industrial Average is up 63.04 points. As the corn complex allows for some relief on behalf of the cattle complex, both the live cattle and feeder cattle contracts are trading higher into Tuesday’s early start. Early asking prices are noted at $144 in the South, but are not yet established in the North.

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