Posted 10:31 AM – In mid-morning trading Thursday, December corn is up 3 cents a bushel, November soybeans are down 1 3/4 cents, December KC wheat is down 1 1/2 cents, December Chicago wheat is down 4 1 / is down 2 cents and December Minneapolis wheat is down 1 cent. The Dow Jones Industrial Average is down 36.94 points and December crude oil is up $0.07 a barrel. The US dollar index is down at 0.280 and December gold is down at $0.40 an ounce. Corn, Chicago wheat and soybean prices are seen in positive territory, with soybean prices paring earlier losses in November. Corn export sales for the week ending Oct. 12 were reported lower than the previous week, while soybean and wheat export sales were higher, with sales for all three crops within the range of pre-report estimates. Brazil’s weather forecast remains in the headlines.Thank you for reading this post, don't forget to subscribe!
Posted 08:35 — December corn is steady, November soybeans are down 2 1/4 cents, December KC wheat is down 2 1/2 cents, December Chicago wheat is down 1/2 cents and December Minneapolis wheat is down 1 1/2 cents. 4 st. The Dow Jones Industrial Average is up 7.89 points and December crude oil is down $1.12 a barrel. The US Dollar Index is down 0.220 and Soybeans are now trading down after pulling back a bit and Soymeal remains slightly up. Corn is little changed and wheat markets are down with limited market impacting news. Crude oil futures are making new lows for the day. The harvest weather will be mostly clear this week.
Posted 11:46 — December live cattle prices were down $1.68 at $185.525, January feeder cattle prices were down $3.70 at $247.2, December lean hogs prices were down $0.33. At $67.7, December corn was up 2 1/2 cents a bushel and December soybean meal was up $3.40. The Dow Jones Industrial Average is down 124.87 points. Beef Cutouts are lower midday (Options 301.83 -2.03, Selects 276.95 -1.40) with moderate box movement (46 LDs Choice Cut, 24 LD Select Cut, 4 LD Trim, and 12 LD Ground). Cash cattle trading remains quiet in parts of Nebraska with some bids at $187 live and $292 dressed, so far, they are being passed up as they are several dollars below current asking prices of more than $295 in the North, and Over $185 in the South. The afternoon pork cutout is 88.16 +0.21, with 167.66 pounds.
Posted 08:39 — December live cattle are down $0.40 at $186.8, January feeder cattle are down $1.53 at $249.375, December lean hogs are down $0.83 at $68.85, December corn is stable and soybean meal is stable in December. The Dow Jones Industrial Average is up 17.77. Cash cattle country remained very quiet Thursday morning, but packer inquiries will begin to improve as the day progresses. Having said that, it is possible that significant trading volume may be delayed until Friday. For the period Oct. 6 to Oct. 12, net sales of beef for 2023 of 400 million tonnes, the low of the marketing year, were down 95% from the previous week and 97% below the previous four-week average. The three largest buyers were mainly South Korea (2,800 mt); Japan (1,500 m); and Hong Kong (100 metres). Net pork sales for 2023 of 30,700 mt were up 46% from the previous week and 10% above the previous four-week average. The three largest buyers were mainly Mexico (9,100 tonnes), Japan (6,200 tonnes), South Korea (4,000 tonnes).
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