# Marketline Report for Thursday, May 3rd - AG INFORMATION NETWORK OF THE WEST

> 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.

- Date: 2018-05-03 · published 2018-05-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5129-marketline-report-for-thursday-may-3rd-ag-information-network-of-the-west
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Winter wheat crop concerns and thin nearby supplies support wheat prices, while weaker corn and live cattle reflect softer near-term demand.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bullish ▲
- FCATTLE: bullish ▲
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2018-05-07 | 5 | -7.4% | -3.4 | June live cattle fell 97.5 cents to 104.90 on May 3 while cash was strong, confirming continued futures weakness within the window. |

## Sources

- aginfo.net: https://www.aginfo.net/report/39869/Marketline-Report-for-Thursday-May-3rd

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