# Closing Grain and Livestock Futures: April 29, 2024 - Brownfield Ag News

> Closing prices on April 29, 2024 showed May corn down 0.75 cent at $4.39 1/4, May soybeans up 1.25 cents at $11.60 3/4, May soybean meal up $8.30 at $348.30, and May wheat down 13 cents at $5.90 1/4. Live cattle, feeder cattle and Class III milk also closed with mixed moves.

- Date: 2024-04-29 · published 2024-04-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30863-closing-grain-and-livestock-futures-april-29-2024-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A routine closing wrap with no new cause; soybean meal firmness supports feed costs modestly, while corn and wheat were slightly lower.

## Read by commodity

- SBM: bullish ▲
- SOY: neutral
- CORN: neutral
- WHEAT: neutral
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2024-05-01 | 1 | +3.3% | 3.7 | Soybean meal rose $8.30 on April 29 with Argentine strike news, showing follow-through buying momentum into the May 1 move. |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/market-news/closing-grain-and-livestock-futures-april-29-2024/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.