USDA MARKET NEWS--AFTERNOON CATTLE REPORT 05/23/25 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG
DTN Chart Technical Points 05/23 16:30 DTN FUTURES 10 5/23/25 SLOW STOCHASTIC
FARM MARKET NEWS - CORN REPORT FOR Fri, May 23 Exchange rate was 1.3707 down 0.0141
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, May 23 Exchange rate was 1.3707 down 0.0141
GENERAL COMMENTS:July corn closed down 3 1/2 cents and December corn was down 2 1/2 cents. July soybeans closed down 7 1/4 cents and November soybeans were down 4 3/4 cents. July KC wheat closed down 1 1/4 cents, July Chicago wheat was down 2 cents, July MIAX Minneapolis wheat was up 6 1/4 cents.The U.S.
The cotton market ended somewhat higher Friday as traders balanced their accounts ahead of the three-day Memorial Day holiday.
It's been a slow starting day for the livestock complex as there's no new cash cattle trade noted. This afternoon market participants will be looking for developments in the fed cash cattle market and for the afternoon's monthly Cattle on Feed report.
Corn futures are 3 to 4 cents lower at midday Friday; soybean futures are 7 to 9 cents lower; wheat futures are 3 cents lower to 5 cents higher. The U.S. stock market is weaker with the S&P 45 points lower.
Traders renewed their confidence in the cattle markets, becoming aggressive buyers Thursday. Cash cattle trade has been light, but higher. Boxed beef prices continue to increase. Hog futures were mixed, with nearby lower and deferred contracts higher.
