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DTN Closing Livestock Comment 08/23 17:12

23 Aug 2019
DTN Closing Livestock Comment 08/23 17:12 Cattle on Feed Numbers Steady Cattle on feed numbers remained steady with July 2018 levels, according to USDA's report on Friday. Sharp losses across the entire complex Friday limited the focus on the report. By Rick Kment DTN Analyst GENERAL COMMENTS: Sharp losses flooded the entire livestock market Friday as traders continued to focus on larger-than-expected beef supplies in July and the bearish market tone continued as traders adjusted from earlier-week gains. Nearby hog futures closed limit down, breaking through long-term support levels. From Friday to Friday, livestock futures scored the following changes: Aug LC, up $4.70; Oct LC, up $1.35; Aug FC, up $2.78; Sep FC, up $0.88; Oct LH, off $2.70; Dec LH, off $2.00. Cash cattle trade developed through the second half of Friday with Southern live trade seen mostly $106 per cwt. This is generally $1 per cwt higher than last week, but still continues to focus on the underlying market weakness seen in the entire cattle complex. Dressed trade in the North developed with most trade to major packers at $175 per cwt. This is $4.50 per cwt higher than last week. A few deals were reported to regional packers with delayed delivery agreements at $176 to $178 per cwt. The National Daily Direct afternoon hog report was $1.57 lower ($55-$70.00, weighted average $64.55 per cwt) on 13,468 head sold. Corn futures inched lower in light trade with September down 3 1/2 cents lower. Stock markets were lower in active trade with the Dow down 623 points and the NASDAQ down 239 points.
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DTN Chart Technical Points 08/23 16:30

23 Aug 2019
DTN Chart Technical Points 08/23 16:30 DTN FUTURES 10 8/23/19 SLOW STOCHASTIC PRICES ARE DECIMAL MOVING AVERAGES RSI'S 5 Day 20 Day CONTRACT CLOSE 4-Day 9-Day 18-Day 45-Day 9Day 14Day 30Day %K %D %K %D CBTWT SEP 475.25 466.25 468.44 478.13 498.49 48.38 45.45 46.04 63 38 16 11 CBTWT DEC 477.75 471.00 473.61 482.19 506.47 45.17 42.66 44.11 59 38 15 1...

FARM MARKET NEWS - CORN REPORT FOR Fri, August 23

23 Aug 2019
FARM MARKET NEWS - CORN REPORT FOR Fri, August 23 Bank of Canada Noon exchange rate was 1.3287 down 0.0006 Chicago corn closed slightly lower. SEP19 HI 3.63 DEC19 HI 3.71 1/2 LOW 3.57 1/2 LOW 3.65 1/2 CLOSE3.59 3/4 Down 3 1/2 CLOSE 3.67 3/4 Down 3 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVA...

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, August 23

23 Aug 2019
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, August 23 Exchange rate was 1.3287 down 0.0006 Chicago soybeans closed slightly to moderately lower. NOV19 HI 8.72 NOV19 HI 8.72 LOW 8.55 LOW 8.55 CLOSE8.56 1/2 Down 12 1/4 CLOSE 8.56 1/2 Down 12 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+N...

DTN Closing Grain Comments 08/23 13:45

23 Aug 2019
DTN Closing Grain Comments 08/23 13:45 China Retaliates; Soybeans, Other Commodities Mostly Lower Friday's trading in grains was dominated by China's announcement of a new tariff on $75 billion of U.S. goods and by concerns as to how the U.S. will respond. Not only were November soybeans 12 1/4 cents lower and December corn 3 1/4 cents lower, most ...
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