Markets updated at 8 a.m., 11 a.m. & 2 p.m.

Kirsten Rall

Kirsten Rall updates the markets, current as of 10/15/19 at 11:00 a.m.

Grain: 

Grain futures are coming off highs set on Monday’s session. At midday corn futures seeing 2 cent losses. Soybeans a fraction difference. Wheat contracts seeing 3-5 cent losses.

October 10th data indicated Brazilian farmers had finished planing soybeans on 11% of the estimated planted area.  Harvest activity in the U.S. is now starting to pick up.

Livestock:

Livestock futures at midday are trading higher with triple digit gains in the nearby’s. Cattle futures though, are taking a bit of a breather with lower futures at midday.

Chinese pork prices have rose 69.3% compared to a year ago. Indicating China does not yet have a hold on the African Swine Fever that is wiping out the hog population. Traders holding on to optimism of a partial deal agreement with China. Although, today traders seem a bit more skeptical of the deal materializing at all.  Yesterday’s hog slaughter numbers hit 491,000 compared to last week’s 484,000.