DTN's Quick Takes

By DTN Analysts

Grains

Posted 10:36 -- July corn is up 4 1/2 cents per bushel, July soybeans are down 1/2 cent, July KC wheat is up 8 1/4 cents, July Chicago wheat is up 3 3/4 cents and May Minneapolis wheat is up 2 cents. The Dow Jones Industrial Average is up 335.71 points and May crude oil is down $1.73 per barrel. The U.S. dollar index is down 0.300 and June gold is down $22.50 per ounce. Corn and wheat continue to shine early Friday, with corn being oversold and the export pace improving. The plans to gradually open up parts of the U.S. would possibly give a boost to gasoline and ethanol demand. Stocks have given up two-thirds of the early gains.

Posted 08:34 -- July corn is up 2 cents per bushel, July soybeans are up 2 1/2 cents, July KC wheat is up 1 1/4 cents, July Chicago wheat is down 2 cents and July Minneapolis wheat is down 3/4 cent. The Dow Jones Industrial Average is up 603.40 points and May crude oil is down $2.21 per barrel. The U.S. dollar index is down 0.300 and June gold is down $13.40 per ounce. Wheat is mixed with corn and beans slightly higher, while equities markets have solid gains ahead of what is a planned and phased reopening of the U.S. determined by the governors of each state. A new sale of old crop soybeans was announced sold to unknown -- 120,000 mt (4.4 mb).

Livestock

OMAHA (DTN) -- June live cattle are down $0.25 at $86.225, August feeder cattle are down $0.45 at $128.175, June lean hogs are up $0.90 at $44.075, May corn is up 2 1/2 cents per bushel and May soybean meal is down $2.40. The Dow Jones Industrial Average is up 385.83 points and NASDAQ is up 42.81 points. The board heads into Friday's noon hour mostly higher except for in the evenly split feeder cattle complex. Seeing that the Fed Cattle Exchange was mostly a "no-sale" event, cash cattle trade could be slim again this week following last week's extremely thin trade.

Posted 10:43 -- June live cattle are down $0.38 at $86.1, August feeder cattle are down $0.73 at $127.9, June lean hogs are up $0.48 at $43.65, May corn is up 4 1/4 cents per bushel and May soybean meal is down $0.80. The Dow Jones Industrial Average is up 370.79 points and NASDAQ is up 34.93 points. Friday's Fed Cattle Exchange was a tough showing as most of the lots went unsold and the cattle that did sell for live at $105. It will be interesting to see how aggressive packers are heading into Friday afternoon. It could be another light week of cash cattle trade.

Posted 08:42 -- June live cattle are up $0.53 at $87., August feeder cattle are up $1.20 at $129.825, June lean hogs are up $0.40 at $43.575, May corn is up 3 1/4 cents per bushel and May soybean meal is up $1.80. The Dow Jones Industrial Average is up 536.35 points and NASDAQ is up 86.33 points. Hello Friday, hello higher prices! The board has jumped into Friday's wake trading steadily higher in all three contracts. The question to keep at the front of your mind throughout the day is, will the board close strong and help the cash cattle market?

(BE)

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