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DTN Closing Livestock Comment 04/21 16:12

21 Apr 2021
DTN Closing Livestock Comment 04/21 16:12 The Pressure Is Building in the Livestock Market It was an ugly day for the livestock contracts as the entire sector closed lower, even though the market's fundamentals are still notably strong. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: It was a brutal day watching the livestock contracts trade lower, but it was even more painful to see the corn market work over the feeder cattle contracts and equally as painful to see the cash cattle market's developments. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.80 with a weighted average of $106.88 on 11,159 head. May corn is up 19 cents per bushel and July soybean meal is up $1.40. The Dow Jones Industrial Average is up 316.01 points and NASDAQ is up 163.95 points.
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FARM MARKET NEWS - CORN REPORT FOR Fri, January 22

22 Jan 2021
FARM MARKET NEWS - CORN REPORT FOR Fri, January 22 Exchange rate was 1.2723 up 0.0094 Chicago corn closed sharply lower. MAR21 HI 5.22 3/4 DEC21 HI 4.47 3/4 LOW 4.99 1/4 LOW 4.28 1/4 CLOSE5.00 1/2 Down 23 3/4 CLOSE 4.30 1/4 Down 18 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +MAR21+MAY2...

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, January 22

22 Jan 2021
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, January 22 Exchange rate was 1.2723 up 0.0094 Chicago soybeans closed lower to sharply lower. MAR21 HI 13.67 NOV21 HI 11.65 LOW 13.05 1/4 LOW 11.03 1/4 CLOSE13.11 3/4 Down 58 1/2 CLOSE 11.12 Down 56 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MA...

AFBF Asks NASS for Change

22 Jan 2021
OMAHA (DTN) -- The American Farmer Bureau Federation issued a report Thursday challenging USDA's National Agricultural Statistics Service to "rebuild farmers' trust" in the agency's constant supply of crop and livestock data by increasing transparency, accelerating the use of new technology and potentially collaborating with Farm Bureau to help aid...

Federal Court Stays EPA Action on SREs

22 Jan 2021
OMAHA (DTN) -- A federal court will review EPA's latest decision to grant three small-refinery exemptions to the Renewable Fuel Standard, pending a full review of the action. The U.S. Court of Appeals for the District of Columbia Circuit issued an order Thursday morning following EPA's decision on Tuesday to grant two of 32 exemption requests for 2...
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