Short-Range Weather Forecast: The southwestern U.S. will see a mix of low elevation showers and thunderstorms due to an upper-level low and a stationary front, with possible heavy showers in west Texas by Saturday evening
Weather
U.S. EXPORT SALES: Beef sales of 12,300 MT for 2024 were down 45 percent from the previous week and 29 percent from the prior 4-week average
Market Update
DROUGHT MONITOR: This week, widespread heavy rain fell across Iowa, Missouri, southern Minnesota and portions of central Kentucky
Weather
CME GRAINS: Corn: $4.565 (-0.02); Wheat: $6.375 (+0.035); Soybeans: $12.085 (-0.1925); Soybean Meal: $372.90 (-5.60) (VIEW COMMODITY QUOTES)
National Corn Wire
ENERGY PRICES: Crude Oil: $79.62 (+0.63); Ethanol: $1.81 (+0.01); Natural Gas: $2.313 (+0.126) (Nat-Gas Prices Jump on a Smaller-Than-Expected Build in EIA Inventories)
Market Update
STOCK UPDATE: Dow 30: 39,387.76 (+331.37); Nasdaq: 16,346.26 (+43.50); S&P 500: 5,214.08 (+26.41) (Stocks Rise On Fed Rate Cut Hopes)
Market Update
Disney posts surprise profit in streaming entertainment, raises earnings forecast... Walt Disney's streaming entertainment unit posted its first profit, two quarters ahead of schedule, and the media company raised its annual earnings per share outlook as it said turnaround efforts were yielding results. (Reuters)
Market Update
CORN PROGRESS: 36% of the corn in the United States had been planted by May 5th, compared to 27% last week and 42% last year
Market Update
Gas prices down 1 cent this week to $3.64, up $0.11 from last year. Diesel prices down 5 cents this week to $3.89, down $0.03 from last year
Cash Prices
CORN PLANTING PROGRESS: U.S. at 27%; Iowa at 39%; Kansas at 39%; Missouri at 63%; Texas at 71%; Ohio at 6%
US Cattle Report by National Beef Wire
TODAY'S SALES: The largest string sold so far today was 167 heifers (767#) from Worthing, SD at $244.00 (WATCH LIVE SALES NOW)
US Cattle Report by National Beef Wire
UNL scientist Ana Maria VĂ©lez is a leader in genetic technology to contain corn rootworm
Farm Network
CROP PROGRESS: As of April 21, 2024, some states have surged ahead, surpassing their average planting progress (Melanie Price, Crop Progress Reporter)
Crop Progress
COMMITMENTS OF TRADERS (COT): Funds decrease net long LIVE CATTLE position by 16.3K to 36.9K contracts
US Cattle Report by National Beef Wire