DTN Chart Technical Points 05/02 16:30 DTN FUTURES 10 5/02/25 SLOW STOCHASTIC
It was a fruitful day for the livestock complex as all three of the markets ended the day stronger. It was especially a big-hitting week for the cattle complex as traders pushed the contracts higher through Friday's close thanks to the added support of yet-again record-breaking cash cattle prices.
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 05/02/25 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG
FARM MARKET NEWS - CORN REPORT FOR Fri, May 2 Exchange rate was 1.3779 down 0.0029
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, May 2 Exchange rate was 1.3779 down 0.0029
GENERAL COMMENTS:July corn closed down 3 1/4 cents and December corn was up 3 cents. July soybeans closed up 7 3/4 cents and November soybeans were up 6 1/2 cents. July KC wheat closed up 13 3/4 cents, July Chicago wheat was up 12 cents, July Minneapolis wheat was up 15 1/2 cents.The U.S.
Cotton futures were dramatically higher Friday as the hopeful trade comments from China lifted many markets.
Traders have again changed their tune toward the livestock contracts as all three of the markets are trading higher into Friday's noon hour. No more trade has developed in the fed cash cattle market, but some more clean up trade could develop still in the South.
Corn futures are narrowly mixed at midday Friday; soybean futures are 4 to 5 cents higher; wheat futures are 10 to 11 cents higher. The U.S. stock market is firmer with the S&P 60 points higher. The U.S.
