DTN Chart Technical Points 04/26 16:30 DTN FUTURES 10 4/26/24 SLOW STOCHASTIC
Even though the lean hog complex closed lower as concerns about summer demand pressured its market, the cattle complex rallied through the day without a hitch. Hog prices closed higher on the Daily Direct Afternoon Hog Report, up $1.67 with a weighted average price of $90.38 on 1,799 head.
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 04/26/24 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG
FARM MARKET NEWS - CORN REPORT FOR Fri, April 26 Exchange rate was 1.3652 down 0.0001
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, April 26 Exchange rate was 1.3652 down 0.0001
July corn closed down 2 cents and December corn was down 2 3/4 cents. July soybeans closed down 2 1/2 cents and November soybeans were down 3/4 cent. July KC wheat closed up 13 3/4 cents, July Chicago wheat was up 1 3/4 cents and July Minneapolis wheat was up 5 1/4 cents.
The cotton market traded "both sides" of Friday's close in a very narrow range.
The livestock complex is trading mixed into Friday's noon hour as cattle contracts trade modestly higher fueled by stronger cash cattle trade. The lean hog complex is trading lower as traders worry about summertime demand.
Corn trade is flat to a penny higher. Beans are 2-3 cents lower and wheat trade is 2-8 cents higher at midday Friday. The U.S. stock market is firmer at midday with the S&P 50 points higher. The dollar index is up 60 points.