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Chicago May wheat closed lower by 4 cents at 522 1/2, while May corn fell 3/4 cent to 396 1/2. Wheat held firm on concerns about the winter wheat crop and light deliveries against the May contract.
June live cattle fell 97.5 cents to 104.90, May feeder cattle rose 72.5 cents to 138.70, and May Class III milk gained 2 cents to 15.25.
Winter wheat crop concerns and thin nearby supplies support wheat prices, while weaker corn and live cattle reflect softer near-term demand.
aginfo.netMay 3, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
June live cattle fell 97.5 cents to 104.90 on May 3 while cash was strong, confirming continued futures weakness within the window.
