DTN Chart Technical Points 03/21 16:30 DTN FUTURES 10 3/21/25 SLOW STOCHASTIC
It was a mixed day for the livestock complex as the cattle contracts closed slightly lower -- but the cash cattle market rallied $7.00 to $10.00 higher. Meanwhile the lean hog complex was also able to find some mild support ahead of the weekend, which helped its contracts close higher too.
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 03/21/25 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, March 21 Exchange rate was 1.4282 up 0.0015
FARM MARKET NEWS - CORN REPORT FOR Fri, March 21 Exchange rate was 1.4282 up 0.0015
GENERAL COMMENTS:May corn closed down 4 3/4 cents and July corn was down 4 cents. May soybeans closed down 3 1/4 cents and July soybeans were down 3 3/4 cents. May KC wheat closed up 2 1/4 cents, May Chicago wheat was up 1 cent, May Minneapolis wheat was up 1/4 cents.The U.S.
The cotton market closed lower for five consecutive sessions this week.
Even though traders are cautiously handling the cattle contracts Friday ahead of the weekend and the monthly Cattle on Feed report -- there's much to celebrate as fed cash cattle prices are trading anywhere from $3 to $7 higher.
Corn futures are 5 to 6 cents lower at midday Friday; soybean futures are 6 to 7 cents lower; wheat futures are 2 cents lower to 2 cents higher. The U.S. stock market is weaker with the S&P 40 points lower.
