Midday Movers

Here's what's moving the markets so far today.

Prices as of 10:00 AM CT (about 10 min delayed) · change vs. yesterday's close

• Corn (Dec): $4.57/bu, down 3½¢ (-0.76%)
  • Why: Corn market steady as EU maize tightens and Black Sea risks persist. It went against soybeans (+0.58%) and wheat (+0.32%), which were higher. It's trading near the low of the day.
  • Today's range: 4.56½–4.62¼ · Week: down 17¼¢ (-3.64%)
• Soybeans (Nov): $12.60¼/bu, up 7¼¢ (+0.58%)
  • Why: Soybeans edge higher as products and weather risks support prices. Wheat (+0.32%) was higher too, so the buying was across the grain market.
  • Today's range: 12.51¾–12.64¼ · Week: down 1¢ (-0.08%)
• Wheat (Dec): $6.26¾/bu, up 2¢ (+0.32%)
  • Why: Wheat market steadies on MATIF as Black Sea basis softens. It went against corn (-0.76%), which was lower.
  • Today's range: 6.23½–6.31½ · Week: down 33¾¢ (-5.11%)
• KC Wheat (Dec): $6.65¾/bu, unch.
  • Why: KC wheat was steady.
  • Today's range: 6.63¼–6.70¼ · Week: down 38¼¢ (-5.43%)
• Live Cattle (Dec): $231.25/cwt, up $0.125 (+0.05%)
  • Why: No single news story drove live cattle higher today. Feeder cattle (+0.32%) were higher too, so the buying was across the livestock market. It's trading near the high of the day. Traders are also waiting on the Cattle on Feed at 2:00pm CT.
  • Today's range: 229.55–231.25 · Week: up $2.90 (+1.27%)
• Feeder Cattle (Nov): $348.025/cwt, up $1.10 (+0.32%)
  • Why: No single news story drove feeder cattle higher today. Corn was down 0.76%, which lowers feed costs for feeder buyers. It's trading near the high of the day. Traders are also waiting on the Cattle on Feed at 2:00pm CT.
  • Today's range: 345.875–348.35 · Week: up $6.125 (+1.79%)
• Lean Hogs (Dec): $65.225/cwt, down $0.325 (-0.50%)
  • Why: Lean hogs slip to contract low in seasonal demand dip. It's trading near the low of the day. Traders are also waiting on the Cattle on Feed at 2:00pm CT.
  • Today's range: 65.075–65.875 · Week: down $1.70 (-2.54%)
• Class III Milk (Nov): $17.61/cwt, down $0.07 (-0.40%)
  • Why: No single news story drove Class III milk lower today. Cheese (-0.36%) was lower too, so the selling was across the dairy market. It's trading near the high of the day.
  • Today's range: 17.21–17.67 · Week: up $0.27 (+1.56%)
• Class IV Milk (Nov): $21.00/cwt, unch.
  • Why: Class IV milk was steady.
  • Week: unch.
• Cheese (Nov): $1.661/lb, down $0.006 (-0.36%)
  • Why: No single news story drove cheese lower today. Class iii milk (-0.40%) was lower too, so the selling was across the dairy market. It's trading near the high of the day.
  • Today's range: 1.640–1.666 · Week: up $0.036 (+2.22%)
• Butter (Nov): 138.30¢/lb, down 1.7¢ (-1.21%)
  • Why: No single news story drove butter lower today.
  • Week: down 1.95¢ (-1.39%)
• Crude Oil (Dec): $102.33/bbl, up $2.86 (+2.88%)
  • Why: Oil prices rise, extend weekly gains. Diesel (+0.78%) was higher too, so the buying was across the energy market. It's trading near the high of the day.
  • Today's range: 98.84–102.66 · Week: up $3.31 (+3.34%)
• Heating Oil (Nov): $4.9705/gal, up 3.84¢ (+0.78%)
  • Why: No single news story drove diesel higher today. Crude oil (+2.88%) was higher too, so the buying was across the energy market.
  • Today's range: 4.8899–5.0244 · Week: up 7.14¢ (+1.46%)
• Natural Gas (Nov): $2.656/MMBtu, down $0.14 (-5.01%)
  • Why: $3 Handle Fades Into Rearview as Natural Gas Futures Resume Downward Slide. It's trading near the low of the day.
  • Today's range: 2.653–2.792 · Week: down $0.46 (-14.76%)
• Gold (Dec): $4,019.00/oz, down $41.40 (-1.02%)
  • Why: Gold Futures Decline Amid Weak Spot Demand. Silver (-1.83%) was lower too, so the selling was across the metals market.
  • Today's range: 3,989.20–4,050.20 · Week: down $162.10 (-3.88%)
• Silver (Dec): $54.00/oz, down $1.005 (-1.83%)
  • Why: Gold, Silver prices today, October 23: Yellow metal, silver slip on middle east tensions; check city-wise prices in Delhi, Mumbai and other cities. Gold (-1.02%) was lower too, so the selling was across the metals market.
  • Today's range: 53.075–54.795 · Week: down $3.305 (-5.77%)
• Copper (Dec): $6.4960/lb, up 9.8¢ (+1.53%)
  • Why: Copper Tests 14-Month Support. It's trading near the high of the day.
  • Today's range: 6.3715–6.5030 · Week: down 7.75¢ (-1.18%)

Yesterday's official settlements

The 2:00 report goes out before the exchange posts settlements. Today's changes are figured from these official numbers.

• Corn (Dec) settled at $4.60½/bu (Thu), not the $4.60¼/bu last trade in that day's 2:00 report.
• Soybeans (Nov) settled at $12.53/bu (Thu), not the $12.53½/bu last trade in that day's 2:00 report.
• Live Cattle (Dec) settled at $231.125/cwt (Thu), not the $231.15/cwt last trade in that day's 2:00 report.
• Feeder Cattle (Nov) settled at $346.925/cwt (Thu), not the $346.80/cwt last trade in that day's 2:00 report.
• Lean Hogs (Dec) settled at $65.55/cwt (Thu), not the $65.575/cwt last trade in that day's 2:00 report.
• Class III Milk (Nov) settled at $17.68/cwt (Thu), not the $17.67/cwt last trade in that day's 2:00 report.
• Cheese (Nov) settled at $1.667/lb (Thu), not the $1.662/lb last trade in that day's 2:00 report.
• Butter (Nov) settled at 140.00¢/lb (Thu), not the 139.00¢/lb last trade in that day's 2:00 report.
• Crude Oil (Dec) settled at $99.47/bbl (Thu), not the $99.39/bbl last trade in that day's 2:00 report.
• Heating Oil (Nov) settled at $4.9321/gal (Thu), not the $4.9363/gal last trade in that day's 2:00 report.
• Natural Gas (Nov) settled at $2.796/MMBtu (Thu), not the $2.798/MMBtu last trade in that day's 2:00 report.
• Gold (Dec) settled at $4,060.40/oz (Thu), not the $4,047.10/oz last trade in that day's 2:00 report.
• Silver (Dec) settled at $55.005/oz (Thu), not the $54.79/oz last trade in that day's 2:00 report.
• Copper (Dec) settled at $6.3980/lb (Thu), not the $6.3930/lb last trade in that day's 2:00 report.

Livestock price insurance (USDA LRP, prices for Oct 22)

• Feeder steers 600-1,000 lb, ending Jan 21: 95% coverage at $326.83/cwt costs you about $3.82/cwt after the USDA subsidy (up $0.33 from last week; coverage price down $12.76 from a year ago).
• Fed cattle, ending Jan 21: 95% coverage at $221.83/cwt costs you about $2.41/cwt after the USDA subsidy (up $0.20 from last week; coverage price down $7.83 from a year ago).
• Hogs, ending Jan 21: 95% coverage at $63.40/cwt costs you about $1.48/cwt after the USDA subsidy (up $0.02 from last week; coverage price down $15.88 from a year ago).
• USDA updated the Mexico cattle border status. USDA is implementing a phased reopening of the U.S.

LRP calculator and screwworm border status

On deck

• Today: Cattle on Feed, 2:00pm CT
• Today: USDA Cold Storage, 2:00pm CT
• Today: Weekly recap email (Week in Review), 3:00pm CT

Informational only — not investment, trading or financial advice. Prices may be delayed.