DTN Chart Technical Points 08/07 16:30 DTN FUTURES 10 8/07/26 SLOW STOCHASTIC
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 08/07/26 DTN Cattle Prices/Trends 08/07 16:07
The livestock complex ended the day mixed, with the cattle contracts able to end the day mostly higher, but only the lean hog nearby contracts ended the day stronger. Some light cleanup trade was noted throughout the day in the cash market, but prices held steady with the week's weighted average.
FARM MARKET NEWS - CORN REPORT FOR Fri, August 7 Exchange rate was 1.3914 down 0.0078
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, August 7 Exchange rate was 1.3914 down 0.0078
September corn closed unchanged, and December corn was also unchanged. September soybeans closed down 1 cent, and November soybeans were down 1 1/2 cents. September KC wheat closed up 14 1/4 cents, September Chicago wheat was up 8 1/2 cents, September MIAX Minneapolis wheat was up 8 1/2 cents.
The cotton market posted new highs for the move Friday amid a weaker U.S. dollar, stronger precious metals and stock indexes.
The livestock complex is again trading mixed into midday Friday as the lean hog contracts are seeing their nearby contracts trade higher, but the cattle contracts are trading mostly lower. A few more sales have been noted in Kansas at $235, but otherwise the cash market looks to be mostly done trading.
Corn futures are 2 to 3 cents higher at midday Friday; soybean futures are 1 to 2 cents higher; wheat futures are 10 to 16 cents higher. The U.S. stock market is firmer at midday with the S&P 50 points higher.
USDA Daily Market Rates 08/07 DAILY MARKET RATES(GRAIN/MISCELLANEOUS COMMODITIES)
Cattle futures succumbed under substantial pressure tied to weakness in choice boxed beef and technical selling. Hog futures showed further weakness as traders remain uncertain about continued demand.
