DTN's Quick Takes

By DTN Analysts

Grains

OMAHA (DTN) -- May corn is up 1/2 cent per bushel, May soybeans are down 1/4 cent, May KC wheat is up 7 1/2 cents, May Chicago wheat is up 2 3/4 cents and MIAX May Minneapolis wheat is up 5 cents. The Dow Jones Industrial Average is down 174.03 points. The U.S. Dollar Index is up 0.330 and May crude oil is up $11.49 per barrel. June gold is down $132.30 per ounce. Heading into the Thursday close, corn and soybeans remain mixed to mostly lower while soymeal is accelerating losses. Wheat is only modestly higher except in KC after Wednesday's pummeling, and bean oil continues to be the bullish leader as crude oil remains over $10 per barrel higher. Funds are continuing to add to a large net long bean oil position. Posted 10:26 -- May corn is down 2 cents per bushel, May soybeans are down 1 1/4 cents, May KC wheat is up 4 1/4 cents, May Chicago wheat is up 2 1/4 cents and MIAX May Minneapolis wheat is up 4 3/4 cents. The Dow Jones Industrial Average is down 73.23 points. The U.S. Dollar Index is up 0.300 and May crude oil is up $9.98 per barrel. June gold is down $118.20 per ounce. At midmorning corn and soybeans have given up early gains to trade lower along with soymeal. Wheat is still higher but well off the morning high, while bean oil continues to reflect solid gains with crude oil still up nearly $10 per barrel. The Dow Jones average has recovered more than 600 points from the low.

Posted 08:32 -- May corn is up 6 1/4 cents per bushel, May soybeans are up 4 cents, May KC wheat is up 10 1/4 cents, May Chicago wheat is up 11 1/4 cents and MIAX May Minneapolis wheat is up 5 3/4 cents. The Dow Jones Industrial Average is down 629.23 points. The U.S. Dollar Index is up 0.460 and May crude oil is up $12.13 per barrel. June gold is down $185.30 per ounce. Grain and soy markets (with the exception of soymeal) are higher, fueled by the sharp rise in crude oil and resumption of bombing early Thursday. Wheat and bean oil are leading the way up on a drier Western Plains outlook and the sharp rise in energy and fertilizer prices.

Livestock

OMAHA (DTN) -- June live cattle are up $0.68 at $245.025, May feeder cattle are up $1.05 at $369.05, June lean hogs are down $0.70 at $104.475, May corn is down 2 1/4 cents per bushel and May soybean meal is down $3.70. The Dow Jones Industrial Average is down 225.80 points. Bids are on the table in most areas at midday ($238 in the South, and $378 in Iowa), but so far, they are being passed. Inquiry will continue to improve as Thursday progresses, but significant trade volume will be delayed until later today or more likely Friday. Beef cutouts are sharply lower at midday (choice 390.43 -3.99, select 387.68 (-4.91) with light to moderate box movement (40 lds of choice cuts, 05 lds of select cuts, 18 lds of trim, and 02 lds of ground), with a choice/select spread of $2.75. Thursday's projected cattle slaughter is 109,000. Pork cutouts at midday are 97.81, +2.23, with 127.09 total loads. Thursday's project hog slaughter is 493,000. For the period ending March 26, beef net sales of 11,900 MT for 2026 were up 12 percent from the previous week, but down 6 percent from the prior 4-week average. The top three increases were primarily for South Korea (3,800 MT), Japan (3,100 MT), and Mexico (1,300 MT).

Posted 08:39 -- June live cattle are down $1.78 at $242.575, May feeder cattle are down $3.65 at $364.35, June lean hogs are down $0.80 at $104.375, May corn is up 5 cents per bushel and May soybean meal is down $2.30. The Dow Jones Industrial Average is down 571.92 points. Another very slow start in cash cattle country Thursday morning with bids and asking prices still not fully established. Significant trade volume will be delayed until later Thursday and/or Friday. The CME Feeder Index for March 31, 2026, was $0.89 higher at $366.82, the projected CME Lean Hog Index for March 31, 2026, was down $0.07, at $90.41.

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