Gas prices down 3 cents this week to $3.61, up $0.07 from last year. Diesel prices down 5 cents this week to $3.85, down $0.05 from last year
Cash Prices
CORN PROGRESS: 49% of the corn in the United States had been planted by May 12th, compared to 36% last week and 60% last year
Market Update
CME GRAINS: Corn: $4.725 (+0.0275); Wheat: $6.87 (+0.235); Soybeans: $12.195 (+0.005); Soybean Meal: $366.50 (-5.40) (VIEW COMMODITY QUOTES)
National Corn Wire
STOCK UPDATE: Dow 30: 39,431.51 (-81.33); Nasdaq: 16,388.24 (+47.37); S&P 500: 5,221.42 (-1.26) (Stocks Slightly Higher Ahead Of This Week’s US Inflation Reports)
Market Update
ENERGY PRICES: Crude Oil: $79.13 (+.0.87); Ethanol: $1.8375 (+0.0175); Natural Gas: $2.368 (+0.116) (Nat-Gas Prices Surge on the Outlook for Warm US Temps)
Market Update
Short-Range Weather Forecast: Today, cattle producers along the Gulf Coast need to prepare for severe thunderstorms and possible flash flooding. This weather activity is due to a strong upper-level low moving across the central U.S.,
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
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 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 Vélez 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