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Midday Movers · Tue Nov 3

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

What matters today

  • USDA crop progress, week ending Nov 1: Corn 74% harvested (avg 77%); Soybeans 88% harvested (avg 84%); Winter wheat 65% emerged (avg 65%), 44%...
  • USDA confirmed more U.S. screwworm cases. U.S. screwworm cases (USDA APHIS): 45 animal cases confirmed since August 2026, 3 of them confirmed in...
  • Nat gas news: Natural Gas Futures Claw Higher, but Winter Remains on the Sidelines

Futures prices are off while we set up a licensed price feed. CME Group shows free delayed quotes on its own site. CME Group quotes. Futures settlements are the official closing prices as printed by USDA (Market News reports for grains and cattle; the Risk Management Agency for dairy).

These are Monday's official closes (Nov 2), the latest USDA has printed. USDA prints today's closes about 5 PM CT, and we'll send them to you this evening. Energy, metals and cash prices show their own dates.
Grains
Corn
4.48¼ /bu  Mon close: ▲ ½¢ (+0.11%)
Dec Corn · official close Mon Nov 2
 
Soybeans
12.16¾ /bu  Mon close: ▼ 17½¢ (-1.42%)
Jan Beans · official close Mon Nov 2
 
Wheat
6.06½ /bu  Mon close: ▲ 3¢ (+0.50%)
Dec Wheat · official close Mon Nov 2
 
KC Wheat
6.46 /bu  Mon close: ▲ 1¾¢ (+0.27%)
Dec KC Wheat · official close Mon Nov 2
 
Livestock
Live Cattle
219.70 /cwt  Mon close: ▼ $1.25 (-0.57%)
Dec Cattle · official close Mon Nov 2
Cash: fed steers (live): $223.73/cwt (Nov 2), down $3.35 from last week, $7.13 below a year ago, $46.37 above the 5-year average.
Futures-based (USDA LRP, Nov 2): Feb $223.58 (-$10.83 wk), Jun $229.43 (-$9.37 wk), Aug $224.44 (-$8.81 wk).
 
Feeder Cattle
332.675 /cwt  Mon close: ▲ $0.90 (+0.27%)
Jan Feeders · official close Mon Nov 2
Cash: Feeder steers, 700-800 lb (Oklahoma City): $351.90/cwt (Nov 2), down $10.74 from last week, $2.71 above a year ago.
Futures-based (USDA LRP, Nov 2): Mar $327.92 (-$14.99 wk), May $324.12 (-$15.68 wk), Aug $323.75 (-$16.23 wk), Sep $321.84 (-$15.81 wk).
 
Lean Hogs
$63.83 /cwt carcass  Mon cash ▼ $1.05
USDA cash hogs · Nov 2
Futures-based (USDA LRP, Nov 2): Feb $62.83 (-$3.49 wk), May $81.72 (+$0.66 wk).
 
Dairy
Class III Milk
16.97 /cwt  Mon close: ▲ $0.27 (+1.62%)
Jan Class III · official close Mon Nov 2
USDA: Class III milk price (announced): $16.04/cwt (September 2026), down $0.60 from the month before, $1.55 below a year ago, $3.09 below the 5-year average.
 
Class IV Milk
20.00 /cwt  Mon close: ▲ $0.33 (+1.68%)
Jan Class IV · official close Mon Nov 2
USDA: Class IV milk price (announced): $18.94/cwt (September 2026), up $1.58 from the month before, $2.77 above a year ago, $0.77 below the 5-year average.
 
Cheese
1.582 /lb  Mon close: ▲ $0.022 (+1.41%)
Jan Cheese · official close Mon Nov 2
Cash: Cheese, 40-lb blocks (CME spot): $1.6000/lb (Nov 2), up 0.25¢ from Friday.
 
Butter
141.30¢ /lb  Mon close: ▼ 2.7¢ (-1.87%)
Jan Butter · official close Mon Nov 2
Cash: Butter, Grade AA (CME spot): $1.3325/lb (Nov 2), down 2.5¢ from Friday.
 
Energy
Crude Oil
$103.37 /bbl  Tue spot ▼ $1.88
EIA spot · Oct 27
 
Heating Oil
$4.687 /gal  Tue spot ▼ $0.146
EIA spot · Oct 27
 
Natural Gas
$2.76 /MMBtu  Tue spot ▲ $0.24
EIA spot · Oct 27
In the news today: Natural Gas Futures Claw Higher, but Winter Remains on the Sidelines.
 
Metals
Gold
$4,319.00 /troy oz  vs month before ▼ $92.00
World Bank monthly avg · September 2026
In the news today: Gold Futures Decline Amid Weak Spot Demand.
 
Silver
$64.60 /troy oz  vs month before ▼ $0.80
World Bank monthly avg · September 2026
In the news today: Silver Futures Tumble Over 3% Amid US Election & Rate Fears.
 
Copper
$14,474 /metric ton  vs month before ▲ $148
World Bank monthly avg · September 2026
In the news today: Copper Prices Hit 11-Week Low Amid Tech Selloff, Impacting Freep.
 

USDA crop progress (out yesterday afternoon)

  • Corn: 74% harvested (+14 pts in a week, 3 pts behind the 5-year average (77%)).
  • Winter wheat: 65% emerged (+12 pts in a week, right on the 5-year average). 44% rated good to excellent.
  • Soybeans: 88% harvested (+9 pts in a week, 4 pts ahead of the 5-year average (84%)).

State-by-state progress and condition

USDA cash cattle and hog prices

  • Choice boxed beef cutout: $365.04/cwt (Nov 2), up $0.38 from the last report, $14.21 below a year ago, $54.82 above the 5-year average.
  • Select boxed beef cutout: $354.94/cwt (Nov 2), up $2.96 from the last report, $4.99 below a year ago, $70.55 above the 5-year average.
  • Cash hogs (negotiated, carcass): $63.83/cwt (Nov 2), down $1.05 from the last report, $26.90 below a year ago, $17.36 below the 5-year average.
  • Pork cutout: $72.28/cwt (Nov 2), up $2.18 from the last report, $29.37 below a year ago, $25.54 below the 5-year average.
  • Choice-Select spread: $10.10.

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

Livestock price insurance (USDA LRP, prices for Nov 2)

  • Feeder steers 600-1,000 lb, ending Feb 1: 95% coverage at $315.47/cwt costs you about $4.94/cwt after the USDA subsidy (up $1.27 from last week; coverage price down $3.70 from a year ago).
  • Fed cattle, ending Feb 1: 95% coverage at $212.40/cwt costs you about $3.00/cwt after the USDA subsidy (up $0.75 from last week; coverage price down $7.83 from a year ago).
  • Hogs, ending Feb 1: 95% coverage at $59.69/cwt costs you about $1.47/cwt after the USDA subsidy (up $0.06 from last week; coverage price down $18.13 from a year ago).
  • USDA confirmed more U.S. screwworm cases. U.S. screwworm cases (USDA APHIS): 45 animal cases confirmed since August 2026, 3 of them confirmed in November; 33 active now.

LRP calculator and screwworm border status

On deck

  • Today: World Bank monthly metals prices (gold, silver, copper), 10:00am CT

Informational only — not investment, trading or financial advice.

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