DTN CATTLE PRICES/TRENDS 12/07 10:30 HEAD SOLD LIVE STEERS DRESSED LIVE HEIFERS DRESSED
The cotton market is lower Wednesday morning.
USDA Daily Market Rates 12/07 06:25 DAILY MARKET RATES(GRAIN/MISCELLANEOUS COMMODITIES)
The livestock complex was under substantial pressure Tuesday with markets unable to find support. The level of ongoing demand is in question. Boxed beef continued to decline. Hogs could not find buying support despite higher cash and cutouts.
March corn was down 1 cent, January soybeans were up 6 cents and March KC wheat was up 6 cents.
DTN Chart Technical Points 12/06 16:30 DTN FUTURES 10 12/06/22 SLOW STOCHASTIC
It was a painstaking day throughout the livestock complex as traders sent the contracts tumbling lower and the market's fundamentals couldn't stop the downspin.
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, December 6 Exchange rate was 1.3644 up 0.0066
FARM MARKET NEWS - CORN REPORT FOR Tue, December 6 Exchange rate was 1.3644 up 0.0066
Soybean meal surged for the fifth straight day and closed higher for the eighth time in the past nine days. Soybeans, on the heels of rising meal futures, and following combined sales of 18.5 million bushels (mb) to China and unknown, also rose to sharp gains. Wheat was once again the dog, unable to hold early strength and again plunging to new recent lows. Corn bounced modestly after filling an open chart gap on Monday, but failed to stay higher.
