Posted 08:43 — July corn is down 3/4 cents per bushel and July soybeans are up 7 3/4 cents per bushel. July KC wheat rose 4 cents a bushel, July Chicago wheat fell 5 cents a bushel and July Minneapolis wheat rose 2 and a half cents a bushel. The Dow Jones Industrial Average rose 130.17 points to 38,369.83. The dollar index fell $0.080 to $105.86, and June crude oil fell $0.32 to $83.53 per barrel. Soybean, soybean meal and hard wheat markets started strong on Monday, while corn and soybean oil remained largely unchanged. Field work is likely to be slowed down by an active weather pattern expected to continue across the Plains and Midwest, with weekend storms and severe weather expected to continue. While the arid regions of the Black Sea may receive some much-needed rain, the southern and western plains of the United States may actually see some rain.
Posted 19:06 (04/28) — July corn rose 3/4 cent and July soybeans rose 1 1/4 cents after opening Sunday night trading. This is due to heavy rain in the central and western Corn Belt over the weekend. Severe weather and tornado damage in Nebraska, Iowa and Oklahoma. July KC wheat rose 1/2 cent and July Minneapolis wheat fell 6 1/2 cents. Localized showers are expected in southwestern Russia on Monday and Tuesday, with further rain possible later this week. External markets have been mostly quiet as multiple media outlets have reported that Ukrainian troops are withdrawing from eastern Ukraine. June crude oil fell 64 cents a barrel, and Dow Jones futures rose 90 points. The U.S. dollar index rose 0.02 and June gold fell 10 cents.
OMAHA (DTN) — June live beef fell $1.25 to $177.325, August feed cattle fell $1.15 to $259.4, June lean hogs rose $0.15 to $102.625, July corn fell $1.15 to $102.625. July soybean meal rose $7.80 a bushel, down 3/4 cent. . The Dow Jones Industrial Average rose 117.64 points. Cash cattle deals negotiated last week totaled 92,548 head. Of these, 74% (68,496 cows) were engaged in close calving and the remaining 26% (24,052 cows) were engaged in postponed calving.
Posted 08:39 — June live beef was up $0.30 to $178.875, August feed beef was up $0.85 to $261.4, June lean hog was down $0.85 to $101.625, and July corn was $101.625. July soybean meal was up $5.10 a bushel, down 1 cent. The Dow Jones Industrial Average rose 114.52 points. Last week’s cash cattle market was trading steady at $2.00 higher, so looking at how packers committed cattle in last week’s market is a good indicator of how aggressive packers are in this week’s market. It will be insightful as you may decide. It will be important to keep a close eye on beef demand and box movements this week.
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