DTN Chart Technical Points 08/05 16:30 DTN FUTURES 10 8/05/26 SLOW STOCHASTIC
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 08/05/26 VOLUME USDA TOTAL RANGE
FARM MARKET NEWS - CORN REPORT FOR Wed, August 5 Exchange rate was 1.3984 down 0.0062
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, August 5 Exchange rate was 1.3984 down 0.0062
The livestock complex ended the day mixed, with cattle contracts closing higher again while lean hog contracts ended lower. Some light cash cattle trade was noted throughout the day in the North at $370, which is $3.00 higher than last week's weighted average.
September corn closed down 5 1/2 cents and December corn was down 5 1/2 cents. September soybeans closed down 2 1/4 cents and November soybeans were down 3 cents. September KC wheat closed up 6 1/2 cents, September Chicago wheat was up 3 3/4 cents, September MIAX Minneapolis wheat was down 1 cent.
The cotton market posted new highs for its current move Wednesday, trading to its highest level since May 19.
The livestock complex is trading mixed Wednesday's noon hour as the cattle contracts are gladly trading higher thanks to continued trader support and the recent developments in the fed cash cattle market.
Corn futures are 6 to 7 cents lower at midday Wednesday; soybean futures are 7 to 8 cents lower; wheat futures are 3 to 8 cents higher. The U.S. stock market is mixed at midday with the S&P 6 points higher.
USDA Daily Market Rates 08/05 DAILY MARKET RATES(GRAIN/MISCELLANEOUS COMMODITIES)
Cattle futures began lower on Tuesday, but found support as the day progressed. Boxed beef prices are finding support. Hog futures closed higher, but the fundamentals are not providing specific price direction.
