Market Summary: Grain and Livestock Prices as of March

Grain Market Performance

As of March, the grain market has shown slight fluctuations. March corn ended the day barely up by less than a penny, closing at $4.47½ per bushel. In contrast, March soybeans experienced a minor decline, closing down 1¼¢ at $10.63¾ per bushel.

On the wheat front, March CBOT wheat rose by 1½¢ to end at $5.17 per bushel, while March Kansas City wheat increased by 6¾¢ to reach $5.28 per bushel. March Minneapolis wheat witnessed a slight uptick, closing at $5.80¼.

Livestock Prices Update

The livestock market exhibited varied performance. March feeder cattle saw a decline of $1.50, closing at $339 per hundredweight (cwt), while February live cattle fell by $1.43, finishing at $230 per cwt. February lean hogs, however, gained 63¢, closing the day at $85.98 per cwt.

Energy and Stock Market Overview

In energy news, February crude oil saw an increase of 43¢, closing at $58.44 per barrel. Meanwhile, the stock market also demonstrated bullish behavior, with the S&P 500 Index up 28 points and the Dow Jones Industrial Average rising by 75.45 points.

Early Morning Market Trends

In a pre-market update at 9:06 a.m. CT, March corn was slightly up by 1¼¢, bringing it to $4.48¼ per bushel. March soybeans started the day positively with an increase of 1¾¢ at $10.66¾ per bushel. The wheat market showed mixed results, with March CBOT wheat remaining unchanged at $5.15½.

For livestock, March feeder cattle were down 30¢ at $340.20 per cwt. The oil market, however, revealed a slight decrease, with February crude oil down 7¢ at $57.94 per barrel. The U.S. Dollar Index also dipped to 97.74.

Conclusion

This month has been marked by modest adjustments in grain prices along with varied livestock performance. As market conditions continue to evolve, traders and farmers will need to monitor these changes closely to make informed decisions.

Published: 3:13 p.m. CT

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