DTN Chart Technical Points 05/03 16:30 DTN FUTURES 10 5/03/24 SLOW STOCHASTIC
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 05/02/24 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG
It was a mixed day for the livestock complex as the cattle contracts closed mostly higher amidstrongercash cattle sales. The lean hog complexdidn'tsee much support as traders were apprehensive of overly supporting the market ahead of the weekend.
FARM MARKET NEWS - CORN REPORT FOR Fri, May 3 Exchange rate was 1.3671 up 0.0007
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, May 3 Exchange rate was 1.3671 up 0.0007
July corn closed up 1/2 cent and December corn was up 3 1/4 cents. July soybeans closed up 16 cents and November soybeans were up 13 1/4 cents. July KC wheat closed up 13 3/4 cents, July Chicago wheat was up 18 1/4 cents and July Minneapolis wheat was up 5 1/4 cents.
After being nearly bludgeoned to death for much of April, the cotton market finally was able to trade sharply higher Friday.
Both the live cattle and feeder cattle markets are trading higher as the cash cattle market's higher trend is encouraging to the entire cattle complex. Southern cattle have yet to trade, but feedlots seem determined to get more money again this week.
Corn trade is 2 to 3 cents higher. Beans are 5 to 7 cents higher and wheat trade is 11 to 25 cents higher. The U.S. stock market is firmer at midday with the S&P 50 points higher. The dollar index is 30 points lower.
USDA Daily Market Rates 05/03 DAILY MARKET RATES(GRAIN/MISCELLANEOUS COMMODITIES)