CBOT futures are a mixed bag at midday.  Wheat futures are stronger on reports from the KS wheat tour of disappointing yield prospects and no moisture relief in sight to save the crop.  Corn and soybean futures headed lower during the night and took a hit at 830 am CT as bad economic news weighed on energy and financial markets. 1 ^st Quarter U.S. GDP is a disappointing 0.1% (1.1% expected). Soybean futures are being hurt by a sharp drop in the soybean oil market thanks to the sharp drop in crude oil.

Profit taking is causing some of the pressure as the May contracts enter delivery tomorrow.  Cash bids will, if not already, move to the JULY futures.

Live Cattle futures are mostly lower with the nearby expiring April contract near steady.   The weak economic data may be leading to some profit-taking by the huge long funds. Choice Beef is down .34 and Select is up 2.58 at midday.

Lean Hog futures are down sharply due to Tuesday’s cash market weakness. However, FOB Plant Pork is near steady at midday.  The nearby May LH contract seems to be headed toward the April low at $115 – there’s not much chart support below that.

Corn May -4 512; Jly -4 517; Dec -5 507 (505-12) Bean may unch 1524; Jly -9 1508; Nov -5 1243 (1239-49) Meal May +1 501; Oct +1 397 Oil -79 4198 Wheat May +4 712; Jly +5 721 (711-24) KC +8 811; MGE +6 768 Oats +3 425 Rice unch 1563

LC April +30 14580; Jun +2 13705; Oct -70 13962 FC May -27 18030; Aug +90 18745; Oct +42 18745 LH May -287 11740; Jun -180 12347; Oct -5 10365 Milk may -3 22245; Jun +15 2101

US$ -.4%

Dow +.1% SP +.1% NAS -.2% Tran +.4% VIX -.2% 13.68

WTI -1.8% Brent -1% Gas -2% NG -1.2% HO -1.2% Eth -.6%

Gold -.3% Slvr -1.5%

5-yr -.04 1.70% 10yr -.035 2.66% 30yr -.03 3.46% KENTUCKY CASH GRAIN PRICES – Click Here 

KENTUCKY LIVESTOCK AUCTIONS --  Click Here 

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