DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- May corn is down 3 3/4 cents per bushel, May soybeans are down 5 1/4 cents per bushel. May KC wheat is up 4 cents per bushel, May Chicago wheat is down 1 cent per bushel and May Minneapolis wheat is down 1 1/4 cents. The Dow Jones Industrial Average is up 167.56 points at 42,157.52. The U.S. Dollar Index is down 0.450 at 103.82. May crude oil is up $0.60 per barrel at $71.80. At midday, soybean oil is extending gains and appears headed for the 12th higher finish in the past 14 days. KC wheat is modestly higher while corn and beans are under pressure but well off the lows, with December corn just a penny below unchanged.

Posted 10:35 -- May corn is down 5 1/4 cents per bushel, May soybeans are down 8 cents per bushel. May KC wheat is up 3 cents per bushel, May Chicago wheat is down 2 cents per bushel and May Minneapolis wheat is down 2 cents. The Dow Jones Industrial Average is up 174.04 points at 42,164.00. The U.S. Dollar Index is down 0.440 at 103.82. May crude oil is up $0.27 per barrel at $71.47. At mid-day, soybean oil is rallying again for the seventh time in the last eight days. Corn and soy markets remain lower, with wheat mixed -- Kansas City the only higher wheat market.

Posted 08:38 -- May corn is down 5 3/4 cents per bushel, May soybeans are down 2 3/4 cents per bushel. May KC wheat is up 3 1/4 cents per bushel, May Chicago wheat is down 4 1/2 cents per bushel and May Minneapolis wheat is down 3/4 cent. The Dow Jones Industrial Average is down 287.87 points at 41,702.09. The U.S. Dollar Index is down 0.280 at 103.98. May crude oil is down $0.12 per barrel at $71.08. USDA reports a new sale: private exporters reported sales of 135,000 metric tons of soybean cake and meal for delivery to the Philippines during the 2024/2025 marketing year. Grain and soy markets with the exception of KC wheat and bean oil are lower, pressured by the impending tariff announcement.

Livestock

Posted 11:35 -- June live cattle are up $1.80 at $207.225, May feeder cattle are up $0.20 at $287.35, June lean hogs are down $1.43 at $95.6, May corn is down 3 3/4 cents per bushel and May soybean meal is down $4.40. The Dow Jones Industrial Average is up 152.87 points. All remains quiet in cash cattle country near the noon hour and bids remain very elusive. Beef cutouts are lower at midday (choice 340.88 -1.34, select 320.02 -2.05) with light to moderate box movement (42 lds of choice cuts, 10 lds of select cuts, 08 lds of trim, and 05 lds of ground), with a choice/select spread of 20.86. Today's projected cattle slaughter is 123,000. Pork cutouts at midday are 94.97, -0.54, with 167.59 total loads. Today's project hog slaughter is 489,000.

Posted 08:39 -- June live cattle are down $0.35 at $205.075, May feeder cattle are down $0.40 at $286.75, June lean hogs are down $0.83 at $96.2, May corn is down 6 1/2 cents per bushel and May soybean meal is down $1.20. The Dow Jones Industrial Average is down 351.86 points. The cash cattle trade has been at a virtual standstill so far this week, and it looks like significant movement may be delayed until sometime Thursday or Friday. Asking prices are around $212 in the South, but still not established in the North. Bids remain very hard to find at this point. The CME Feeder Index for March 31, 2025, was $0.48 lower at $291.02. The projected CME Lean Hog Index for March 31, 2025, was up $0.14 at $88.65.

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