Page 5 - March Class News Today

USDA revised the recent Brazilian Soybean Forecast, predicting less than expected production which would directly affect exports.

Live Cattle markets continue to hit new highs, while Feeders see over $4 ½ dollar runs in last two days.

US Soybean exports could be on the rise if drier forecasts in Argentina hold steady.

Live Cattle continue to find their groove as demand picks up to kick off the week.

Feeder Cattle rallied to kick off the week, erasing last week’s dips after a very bullish Cattle Inventory Report.

The Beef Market finished the week strong, with increased demand.

Corn pushes higher Tuesday to climb back in the mid $5 ½ range, where will we go from here?

Cattle Continue to Dip Lower Tuesday Mar 2nd, 2021 This is Matt Rice with today’s Market Line Report for Tuesday. Commodities across the board sink lower to kick off the week, Live Cattle dn $7 in just 2 weeks. Let’s go to Virginia McGathey with the CME Group to hear more. Chicago Soft Red Winter Wheat prices for May closed the day dn 10, to finish at 650 ¼. May Corn was dn 9 ½ to close at 538 ¼. Kansas City Hard Red Winter Wheat prices for May were dn 10 ½, to settle at 623...

Grains on a rollercoaster ride yesterday as prices were mixed throughout the day.

Corn continues to climb higher, starting the week with an 8-cent rally with the help of a weaker dollar