By: NATHAN STUEDLE
GRAIN MARKET SUMMARY
Grain futures finished mostly lower Tuesday, with the heaviest selling centered in soybeans and wheat.
Corn managed to avoid the sharper losses elsewhere in the grain complex, with contracts generally down around a penny to a penny and three-quarters. September corn finished at $4.36 and three-quarters, down a penny and a quarter, while December settled at $4.60 and a half, down a penny and a quarter.
Soybeans came under considerably more pressure. September beans dropped 10 and a quarter cents to $11.51 and a quarter, while November lost 10 and three-quarters to $11.68 and three-quarters. Soybean meal was modestly lower.
Wheat was the weakest part of the board. September Chicago wheat fell 10 and a quarter cents to $6.30 and a quarter, while September Kansas City hard red winter wheat dropped 14 and a quarter to $6.99 and a quarter. December KC wheat lost just over 15 cents.
So, a broadly weaker grain session Tuesday, led by double-digit losses in soybeans and wheat.
LIVESTOCK MARKET SUMMARY
Livestock futures were mixed Tuesday, with feeder cattle mostly higher while nearby live cattle and most lean hog contracts moved lower.
August live cattle finished 52 and a half cents lower at $232.75, while October lost 57 and a half cents to $226.32 and a half. Deferred contracts were firmer, with April through October 2027 posting modest gains.
Feeder cattle performed better. August feeders slipped 57 and a half cents to $350.17 and a half, but the remainder of the board was higher. September gained 67 and a half cents to $345.25, with gains reaching better than a dollar in several deferred contracts.
Lean hogs were mostly lower. August managed a 17-and-a-half-cent gain to $95.87 and a half, but October lost 35 cents, while December through May contracts fell roughly one dollar to $1.20.
So, mixed livestock trade Tuesday, with strength in deferred feeder cattle offset by weakness in nearby live cattle and much of the hog market.