Grains finish week in the green. Friday, December 23, 2022

Corn ended the day up 5¢ and soybeans are up 14¢.

CBOT wheat is up 12¢. KC wheat is up 10¢. Minneapolis wheat is up 9¢.

Live cattle are up 48¢. Lean hogs are down $1.13. Feeder cattle are up 48¢.

Crude oil is up $2.29.

The S&P 500 is up 12 points. The Dow is up 112 points.

Editor’s Note: Markets are closed on Monday, December 26. The next market update will be Tuesday, December 27. 

At midday corn is up 6¢ and soybeans are up 13¢.

CBOT wheat is up 12¢. KC wheat is up 5¢. Minneapolis wheat is up 7¢.

Live cattle are up 10¢. Lean hogs are down 98¢. Feeder cattle are up 8¢.

Crude oil is currently up $2.13. Naomi Blohm with Total Farm Marketing says oil is up on news that Russia may cut its oil output by 500,000 barrels a day next year in response to a price cap imposed by Western nations.

Blohm says while there are rain showers in Argentina yesterday and today, the forecast for December 26 through January 5 is hot and dry. She says Pacific ocean temperatures rising and La Nina waning could mean better weather in Argentina after January 5.

The S&P 500 is up 8 points. The Dow is up 95 points.

This morning grain markets are taking back some of yesterday’s losses with corn up 4¢ and soybeans up 7¢.

CBOT wheat is up 12¢. KC wheat is up 8¢. Minneapolis wheat is up 6¢.

Live cattle are up 18¢. Lean hogs are up 3¢. Feeder cattle are up 38¢.

The extreme cold weather in the central U.S. continues. As I write, it is -8 degrees in Des Moines, Iowa with a wind chill of -36 and wind gusts up to 43 miles per hour. Nick Tsiolis with Farmer’s Keeper says the harsh winter weather continues to be a threat to winter wheat but it is too early to tell if there is any permanent damage.

The outside markets are currently in the red with the Dow down over 100 points.

Crude oil is up $2.11 per barrel.

The U.S. Dollar Index is currently up to 104.2.

Tags: feeder cattle, lean hogs, soybeans, wheat, сorn, live cattle