DTN Chart Technical Points 07/26 16:30 DTN FUTURES 10 7/26/24 SLOW STOCHASTIC
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 07/26/24 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG
It was a powerful day for the cattle complex as boxed beef prices rounded out the day higher and Northern trade finally cut loose and was marked at mostly $312 which is $2.00 higher than last week's weighted average.
FARM MARKET NEWS - CORN REPORT FOR Fri, July 26 Exchange rate was 1.3818 up 0.0025
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, July 26 Exchange rate was 1.3818 up 0.0025
GENERAL COMMENTS:September corn closed down 11 1/2 cents and December corn was down 10 3/4 cents. August soybeans closed down 38 1/2 cents and November soybeans were down 31 cents. September KC wheat closed down 16 cents, September Chicago wheat was down 14 1/4 cents and September Minneapolis wheat was down 15 1/4 cents.The U.S.
The cotton market was pressured by renewed trend and technical selling.
Bids are offered in Nebraska at $308 to $310, but no dressed deals have been reported just yet. Given that feedlot managers have waited this long to trade cattle, it's likely they'll wait however long they need to get the higher money they're after.
Corn futures are 6 to 7 cents lower at midday Friday; soybean futures are 20 to 23 cents lower; wheat futures are 5 to 8 cents lower. The U.S. stock market is firmer at midday with the S&P 48 points higher.