DTN Chart Technical Points 10/21 16:30 DTN FUTURES 10 10/21/24 SLOW STOCHASTIC
It was a slow and lethargic day for the cattle complex as traders paid little attention to the cattle market, but the lean hog complex successfully closed slightly higher as consumer demand helped encourage traders.
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 10/21/24 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG
USDA Weekly Crop Progress 10/21 ISSN: 1948-3007
FARM MARKET NEWS - CORN REPORT FOR Mon, October 21 Exchange rate was 1.3812 up 0.0022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, October 21 Exchange rate was 1.3812 up 0.0022
December corn closed up 4 3/4 cents and March corn was up 4 1/4 cents. November soybeans closed up 11 cents and March soybeans were up 5 3/4 cents. December KC wheat closed up 1 1/2 cents, December Chicago wheat was down 1/2 cents and December Minneapolis wheat was down 2 3/4 cents.
The cotton market closed higher for its Monday session, as traders favored the long side amid China's weekend interest rate cut, along with higher grains and crude oil.
The livestock complex is currently trading mixed as the lean hog market trades confidently into the day's noon hour with the help of stronger pork cutout values and cash prices, but the cattle complex isn't as confident as the cash market waits to trade until later in the week.
Corn futures are 5 to 6 higher at midday Monday; soybean futures are 6 to 8 cents higher; wheat futures are 2 to 6 cents higher. The U.S. stock market is lower at midday with the S&P 40 points lower.
Cottonseed Prices 10/21 Last This Week Gin Run Jan-Aug