DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- May corn is up 2 1/4 cents per bushel, May soybeans are down 35 1/2 cents per bushel. May KC wheat is down 13 3/4 cents per bushel, May Chicago wheat is down 7 1/2 cents per bushel and May Minneapolis wheat is down 7 1/2 cents. The Dow Jones Industrial Average is down 1,647.02 points at 38,898.91. The U.S. Dollar Index is up 0.990 at 103.06. May crude oil is down $5.04 per barrel at $61.91. Heading into the Friday close, soybeans, soy products and wheat remain down hard with corn mixed -- old crop a bit firmer on ideas that Vietnam might be willing to end their tariffs. Financial markets continue to get pummeled with equities, energy and even gold markets taking a beating.

Posted 10:35 -- May corn is up 1 1/4 cents per bushel, May soybeans are down 30 3/4 cents per bushel. May KC wheat is down 11 1/2 cents per bushel, May Chicago wheat is down 7 1/2 cents per bushel and May Minneapolis wheat is down 6 3/4 cents. The Dow Jones Industrial Average is down 1,349.25 points at 39,196.68. The U.S. Dollar Index is up 0.540 at 102.61. May crude oil is down $4.95 per barrel at $62.00. Bloomberg is reporting that Vietnam wants to move their tariffs on the U.S. to zero. Nearby corn futures have recovered to trade a bit higher while the soy complex and wheat remain under heavy pressure. Outside financial markets continue to reflect concern that the escalating trade war could throw the U.S. into recession.

Posted 08:35 -- May corn is down 7 1/4 cents per bushel, May soybeans are down 26 1/2 cents per bushel. May KC wheat is down 13 1/2 cents per bushel, May Chicago wheat is down 12 1/4 cents per bushel and May Minneapolis wheat is down 9 3/4 cents. The Dow Jones Industrial Average is down 987.77 points at 39,558.16. The U.S. Dollar Index is up 0.080 at 102.16. May crude oil is down $5.20 per barrel at $61.75. It's another risk-off day to begin in grain, soy, energy and equity markets. China's decision to match the U.S. 34% tariff has weakened markets more, especially the soy complex.

Livestock

Posted 11:35 -- June live cattle are down $5.43 at $199.275, May feeder cattle are down $7.33 at $275.8, June lean hogs are down $3.90 at $91.65, May corn is up 2 3/4 cents per bushel and May soybean meal is down $3.80. The Dow Jones Industrial Average is down 1,590.44 points. A light live trade is being reported in the South at $208, $1 to $2 lower than last week's weighted averages. In the North, dressed deals are coming in at $335, $4 lower than last week's weighted average basis Nebraska. Beef cutouts are higher at midday (choice 339.41 +1.04, select 318.35 +0.51) with light box movement (36 lds of choice cuts, 07 lds of select cuts, 00 lds of trim, and 05 lds of ground), with a choice/select spread of 21.06. Today's projected cattle slaughter is 107,000, while Saturday's projection is 9,000 head. Pork cutouts at midday are 98.42, +4.08, with 181.40 total loads. Today's project hog slaughter is 485,000 and Saturday's projection is 105,000 head.

Posted 08:37 -- June live cattle are down $3.03 at $201.675, May feeder cattle are down $3.93 at $279.2, June lean hogs are down $1.58 at $93.975, May corn is down 6 1/2 cents per bushel and May soybean meal is down $2.70. The Dow Jones Industrial Average is down 901.12 points. Cash cattle country is slow to start this morning following a light dressed trade in parts of the North yesterday with Major's paying mostly $335, and a Regional paying as much as $345, these prices are fully steady with last week's business. A handful of live deals were reported in the South at $208 to $208.50, well below current asking prices of $212. The CME Feeder Index for April 02, 2025, was $0.66 higher at $291.93. The projected CME Lean Hog Index for April 02, 2025, was down $0.07, at $88.72.

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