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): $4.54¾/bu, down 1¼¢ (-0.27%)
  • Why: EU silage corn yields down 15% while corn prices stay stable. Soybeans (-1.81%) and wheat (-1.32%) were lower too, so the selling was across the grain market. It's trading near the high of the day. Traders are also waiting on the USDA Crop Progress at 3:00pm CT.
  • Today's range: 4.50¼–4.55 · Week: down 12¼¢ (-2.62%)
• Soybeans (Nov): $12.33¾/bu, down 22¾¢ (-1.81%)
  • Why: EU Soybean Yield Drop 2026: Market Impact and Price Outlook. Corn (-0.27%) and wheat (-1.32%) were lower too, so the selling was across the grain market. Traders are also waiting on the USDA Crop Progress at 3:00pm CT.
  • Today's range: 12.27½–12.50 · Week: down 19¾¢ (-1.58%)
• Wheat (Dec): $6.16¾/bu, down 8¼¢ (-1.32%)
  • Why: Wheat market softens as Black Sea peace hopes trim risk premium. Kc wheat (-0.87%) and corn (-0.27%) were lower too, so the selling was across the grain market. Traders are also waiting on the USDA Crop Progress at 3:00pm CT.
  • Today's range: 6.12½–6.27½ · Week: down 38½¢ (-5.88%)
• KC Wheat (Dec): $6.58¾/bu, down 5¾¢ (-0.87%)
  • Why: No single news story drove KC wheat lower today. Wheat (-1.32%) and corn (-0.27%) were lower too, so the selling was across the grain market. Traders are also waiting on the USDA Crop Progress at 3:00pm CT.
  • Today's range: 6.54¾–6.66½ · Week: down 40¾¢ (-5.83%)
• Live Cattle (Dec): $231.525/cwt, up $0.40 (+0.17%)
  • Why: No single news story drove live cattle higher today. Feeder cattle (+0.31%) were higher too, so the buying was across the livestock market.
  • Today's range: 230.975–232.90 · Week: up $3.50 (+1.53%)
• Feeder Cattle (Nov): $349.20/cwt, up $1.075 (+0.31%)
  • Why: No single news story drove feeder cattle higher today. It's trading near the low of the day.
  • Today's range: 348.775–351.125 · Week: up $5.275 (+1.53%)
• Lean Hogs (Dec): $65.375/cwt, down $0.20 (-0.30%)
  • Why: No single news story drove hogs lower today.
  • Today's range: 64.95–65.675 · Week: down $0.975 (-1.47%)
• Class III Milk (Nov): $18.00/cwt, up $0.15 (+0.84%)
  • Why: No single news story drove Class III milk higher today. Cheese (+0.47%) was higher too, so the buying was across the dairy market. It's trading near the high of the day.
  • Today's range: 17.72–18.03 · Week: up $0.30 (+1.69%)
• Class IV Milk (Nov): $20.65/cwt, unch.
  • Why: Class IV milk was steady; in the news: US Cheese and Butter Rank Among the Cheapest Globally.
  • Week: down $0.75 (-3.50%)
• Cheese (Nov): $1.695/lb, up $0.008 (+0.47%)
  • Why: US Cheese And Butter Become Among Cheapest Globally. Class iii milk (+0.84%) was higher too, so the buying was across the dairy market. It's trading near the high of the day.
  • Today's range: 1.681–1.695 · Week: up $0.029 (+1.74%)
• Butter (Nov): 138.30¢/lb, down 1.7¢ (-1.21%)
  • Why: US Cheese And Butter Become Among Cheapest Globally.
  • Week: down 1.7¢ (-1.21%)
• Crude Oil (Dec): $101.09/bbl, down $2.18 (-2.11%)
  • Why: Traders Place $760 Million Bet on Falling Oil Ahead of Hormuz Announcement.
  • Today's range: 100.33–102.63 · Week: up $2.55 (+2.59%)
• Heating Oil (Nov): $4.9894/gal, up 0.52¢ (+0.10%)
  • Why: No single news story drove diesel higher today. It went against crude oil (-2.11%), which was lower.
  • Today's range: 4.9017–5.0175 · Week: up 6.93¢ (+1.41%)
• Natural Gas (Dec): $3.018/MMBtu, down $0.032 (-1.05%)
  • Why: Natural gas prices decline on New York exchange.
  • Today's range: 2.932–3.045 · Week: down $0.329 (-9.83%)
• Gold (Dec): $4,033.90/oz, up $26.00 (+0.65%)
  • Why: Gold prices rise in global market ahead of US federal reserve decision. Silver (+0.33%) was higher too, so the buying was across the metals market. It's trading near the high of the day.
  • Today's range: 3,990.90–4,039.40 · Week: down $126.20 (-3.03%)
• Silver (Dec): $54.13/oz, up $0.18 (+0.33%)
  • Why: No single news story drove silver higher today. Gold (+0.65%) was higher too, so the buying was across the metals market.
  • Today's range: 53.03–54.475 · Week: down $3.145 (-5.49%)
• Copper (Dec): $6.5220/lb, up 1.45¢ (+0.22%)
  • Why: No single news story drove copper higher today.
  • Today's range: 6.4680–6.5625 · Week: down 5.35¢ (-0.81%)

Yesterday's official settlements

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

• Soybeans (Nov) settled at $12.56½/bu (Fri), not the $12.57½/bu last trade in that day's 2:00 report.
• KC Wheat (Dec) settled at $6.64½/bu (Fri), not the $6.64/bu last trade in that day's 2:00 report.
• Live Cattle (Dec) settled at $231.125/cwt (Fri), not the $231.20/cwt last trade in that day's 2:00 report.
• Feeder Cattle (Nov) settled at $348.125/cwt (Fri), not the $348.10/cwt last trade in that day's 2:00 report.
• Class III Milk (Nov) settled at $17.85/cwt (Fri), not the $17.78/cwt last trade in that day's 2:00 report.
• Class IV Milk (Nov) settled at $20.65/cwt (Fri), not the $21.00/cwt last trade in that day's 2:00 report.
• Cheese (Nov) settled at $1.687/lb (Fri), not the $1.679/lb last trade in that day's 2:00 report.
• Butter (Nov) settled at 140.00¢/lb (Fri), not the 138.30¢/lb last trade in that day's 2:00 report.
• Crude Oil (Dec) settled at $103.27/bbl (Fri), not the $103.41/bbl last trade in that day's 2:00 report.
• Heating Oil (Nov) settled at $4.9842/gal (Fri), not the $5.0026/gal last trade in that day's 2:00 report.
• Natural Gas (Dec) settled at $3.050/MMBtu (Fri), not the $2.637/MMBtu last trade in that day's 2:00 report.
• Gold (Dec) settled at $4,007.90/oz (Fri), not the $4,010.60/oz last trade in that day's 2:00 report.
• Silver (Dec) settled at $53.95/oz (Fri), not the $54.035/oz last trade in that day's 2:00 report.
• Copper (Dec) settled at $6.5075/lb (Fri), not the $6.4990/lb last trade in that day's 2:00 report.

USDA livestock report (out Friday afternoon)

• Cattle on Feed: 11.37 million head on feed October 1, even with a year ago. Placements in September: 1.78 million head, 12% below a year ago. Marketings: 1.52 million head, 7% below a year ago.

By state and weight group

USDA cash cattle and hog prices

• Choice boxed beef cutout: $365.79/cwt (Oct 23), down $3.68 from the last report, $9.97 below a year ago, $54.88 above the 5-year average.
• Select boxed beef cutout: $352.69/cwt (Oct 23), up $2.28 from the last report, $5.28 below a year ago, $66.48 above the 5-year average.
• Cash hogs (negotiated, carcass): $67.90/cwt (Oct 23), down $0.58 from the last report, $23.77 below a year ago, $13.42 below the 5-year average.
• Pork cutout: $74.09/cwt (Oct 23), down $1.14 from the last report, $28.65 below a year ago, $23.10 below the 5-year average.
• Choice-Select spread: $13.10.

Cash prices vs a year ago and the 5-year average

Livestock price insurance (USDA LRP, prices for Oct 23)

• 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 22: 95% coverage at $63.56/cwt costs you about $1.39/cwt after the USDA subsidy (down $0.09 from last week; coverage price down $15.77 from a year ago).
• USDA confirmed more U.S. screwworm cases. U.S. screwworm cases (USDA APHIS): 34 animal cases confirmed since July 2026, 13 of them confirmed in October; 12 active now.

LRP calculator and screwworm border status

On deck

• Today: USDA Crop Progress, 3:00pm CT

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