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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 Wed, January 20

20 Jan 2021
FARM MARKET NEWS - CORN REPORT FOR Wed, January 20 Exchange rate was 1.2646 down 0.0084 Chicago corn closed slightly to moderately lower. MAR21 HI 5.26 1/2 DEC21 HI 4.54 1/4 LOW 5.12 3/4 LOW 4.45 1/2 CLOSE5.22 Down 4 CLOSE 4.49 Down 6 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +MAR21+MAY21...

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, January 20

20 Jan 2021
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, January 20 Exchange rate was 1.2646 down 0.0084 Chicago soybeans closed moderately lower. MAR21 HI 13.84 1/2 NOV21 HI 11.86 1/2 LOW 13.52 LOW 11.64 3/4 CLOSE13.69 1/2 Down 16 1/4 CLOSE 11.71 3/4 Down 17 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MA...

DTN Closing Grain Comments 01/20 14:02

20 Jan 2021
DTN Closing Grain Comments 01/20 14:02 Row Crops Finish a Third Day Lower Outside markets were largely favorable for commodity prices Wednesday, but row-crop prices finished lower, pressured by increased rain chances in South America. The three U.S. wheats were also lower, in line with Wednesday's international wheat prices.

JBS Reaches Pork Settlement in Court

20 Jan 2021
OMAHA (DTN) -- JBS has reached a settlement in an ongoing class-action lawsuit that alleges JBS, along with several other large meat companies, conspired to raise the price of pork. According to the settlement preliminarily approved by the U.S. District Court for the District of Minnesota last week, JBS will pay $24 million in monetary relief and a...
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