June live cattle futures stretched to a new high on Thursday as the discount to cash needed to be reduced. Other contracts did not show much strength. Hog futures showed little change except for the nearby July contract, as it needs to move closer to the index.
July corn is down 1 3/4 cents per bushel, November soybeans are down 8 1/4 cents, September KC wheat is down 11 1/4 cents, September Chicago wheat is down 11 cents, and MIAX September Minneapolis wheat is down 0.0600 cents.
DTN Chart Technical Points 06/25 16:30 DTN FUTURES 10 6/25/26 SLOW STOCHASTIC
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 06/25/26 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, June 25 Exchange rate was 1.4171 down 0.0053
FARM MARKET NEWS - CORN REPORT FOR Thu, June 25 Exchange rate was 1.4171 down 0.0053
The livestock complex ended the day mixed as the cattle contracts rallied onward, although no cash cattle trade has developed yet; the lean hog contracts closed mixed. Keep your eyes on the cash cattle market on Friday as packers will need to get aggressive.
July corn closed up 7 3/4 cents and December corn was up 8 1/4 cents. July soybeans closed up 18 3/4 cents and November soybeans were up 22 cents. July KC wheat closed up 3 1/4 cents, July Chicago wheat was up 5 1/4 cents, July MIAX Minneapolis wheat was up 3 cents.
Inspired by outside markets, ICE cotton ended today somewhat higher.
USDA Daily Market Rates 06/25 DAILY MARKET RATES(GRAIN/MISCELLANEOUS COMMODITIES)
