DTN Chart Technical Points 12/15 16:30 DTN FUTURES 10 12/15/25 SLOW STOCHASTIC
The livestock complex closed mixed Monday afternoon as traders desire to push the cattle contracts higher but aren't willing to do so until they know they have enough support to challenge the market's 100-day moving average.
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 12/15/25 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG
FARM MARKET NEWS - CORN REPORT FOR Mon, December 15 Exchange rate was 1.3781 up 0.0011
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, December 15 Exchange rate was 1.3781 up 0.0011
March corn closed down 1 cent and May corn was down 1 1/4 cents. January soybeans closed down 5 cents and March soybeans were down 5 1/2 cents. March KC wheat closed down 6 cents, March Chicago wheat was down 8 1/2 cents, March MIAX Minneapolis wheat was down 7 cents.
The cotton market managed a positive close today, despite all other markets' negative behavior.
The livestock complex is trading mixed into Monday's noon hour as traders sit tight, waiting to see what fundamental support arises this week. But unless something powerful happens in the cattle complex, it's unlikely that trades are going to trade the market above its 100-day moving average any time soon.
Corn futures are 3 to 4 cents lower at midday Monday; soybean futures are 8 to 9 cents lower; wheat futures are 4 to 7 cents lower. The U.S. stock market is mixed at midday with the S&P 5 points higher.
USDA Daily Market Rates 12/15 DAILY MARKET RATES(GRAIN/MISCELLANEOUS COMMODITIES)
Cattle futures took a step back ahead of the weekend. Higher cash had been absorbed into the market. Traders took some profit to limit exposure over the weekend. Hog futures closed higher with the February contract taking over as the spot month.
