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DTN Closing Livestock Comment 06/02 16:24

2 Jun 2020
DTN Closing Livestock Comment 06/02 16:24 Cattle Close Sharply Lower, Lean Hogs Mixed The cattle contracts had a rough Tuesday, especially in nearby contracts, while the lean hog market was able to close mildly higher in deferred contracts. ShayLe Stewart DTN Livestock Analyst GENERAL COMMENTS: Cattle contracts had a tough Tuesday as support seemed to be nearly impossible to find. Gauging how fast and how far the market will drop on the live cattle spectrum seems to be everyone's concern heading into June and nearing the dog days of summer. Hog prices closed higher on the National Direct Afternoon Hog Report, up $0.74 with a weighted average of $34.60 on 6,350 head sold. July corn is up 1 cent per bushel and July soybean meal is up $0.60. The Dow Jones Industrial Average is up 267.63 points and NASDAQ is up 56.33 points.
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DTN Chart Technical Points 06/02 16:30

2 Jun 2020
DTN Chart Technical Points 06/02 16:30 DTN FUTURES 10 6/02/20 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 JUL 508.00 514.63 512.03 510.25 527.33 44.68 44.24 44.84 63 64 55 46 CBTWT SEP 512.25 517.94 515.22 513.39 530.61 45.54 44.63 44.73 65 67 56 4...

USDA Approves Program to Feed Kids in Mississippi

2 Jun 2020
(Washington, D.C., June 2, 2020) – U.S. Secretary of Agriculture Sonny Perdue today announced Mississippi has been approved to operate Pandemic Electronic Benefit Transfer (EBT), a new program authorized by the Families First Coronavirus Response Act (FFCRA), signed by President Trump, which provides assistance to families of children eligible for ...

FARM MARKET NEWS - CORN REPORT FOR Tue, June 2

2 Jun 2020
FARM MARKET NEWS - CORN REPORT FOR Tue, June 2 Exchange rate was 1.3517 down 0.0068 Chicago corn closed slightly higher. JUL20 HI 3.25 1/4 DEC20 HI 3.38 1/4 LOW 3.22 LOW 3.35 CLOSE3.24 1/4 Up 1 CLOSE 3.38 Up 2 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +SEP20+SEP20+DEC20 CK Low 1.25 4....

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, June 2

2 Jun 2020
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, June 2 Exchange rate was 1.3517 down 0.0068 Chicago soybeans closed slightly higher. JUL20 HI 8.56 NOV20 HI 8.65 LOW 8.38 1/2 LOW 8.50 1/4 CLOSE8.50 1/2 Up 10 CLOSE 8.60 1/2 Up 8 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL2+AUG2+NOV20 CK Low ...
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