DTN Chart Technical Points 02/23 16:30 DTN FUTURES 10 2/23/26 SLOW STOCHASTIC
It was a mixed day for the livestock complex as the cattle contracts closed lower in fear of what may develop with the potential union strike at the JBS plant in Greeley, but the lean hog contracts closed higher as demand remains strong.
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 02/23/26 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG
FARM MARKET NEWS - CORN REPORT FOR Mon, February 23 Exchange rate was 1.3686 up 0.0011
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, February 23 Exchange rate was 1.3686 up 0.0011
March corn closed unchanged, and May corn was up 1/2 cents. March soybeans closed down 3 1/4 cents and May soybeans were down 3 1/2 cents. March KC wheat closed down 12 1/4 cents, March Chicago wheat was down 4 cents, March MIAX Minneapolis wheat was down 5 cents.
Despite there being no deliveries against Spot March, plus soaring metals and grain markets, ICE cotton still ended slightly lower today.
The cattle complex is under pressure Monday morning thus far as external factors are driving the futures lower. But with a slight uptick in pork demand, the lean hog complex continues to scale higher. New showlists appear to be mixed, lower in Kansas and Texas, but higher in Nebraska/Colorado.
Corn futures are 3 to 5 cents higher at midday Monday; soybean futures are 10 to 11 cents higher; wheat futures are narrowly mixed. The U.S. stock market is weaker at midday with the S&P 65 points lower.
USDA Daily Market Rates 02/23 DAILY MARKET RATES(GRAIN/MISCELLANEOUS COMMODITIES)
