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Markets

Soy complex ends mixed on Thursday

The grain markets rallied again Thursday. After struggling or moving lower Wednesday, the crop markets turned upward overnight, with the grain markets continuing their advance this morning. Talk of excess rainfall in the U.S and potential dryness in Russia, Canada and Australia boosted wheat, with corn following right behind. Good export news also powered the yellow grain advance. July corn futures ended Thursday having risen 5.0 cents to $3.65/bushel, while December added 5.0 to $3.8225.

Markets

Boxed Beef Report: Beef prices take a fall

Choice boxed beef saw a steep fall on Thursday from $265.80 to $264.22. The $1.58 drop brought the 27-day average price to $260.03. Select boxed beef had an even larger drop of $1.75 to hit $250.57.

Choice primal chuck saw a $3.45 drop to hit $201.93, with choice primal short plate close behind losing $3.33. Choice primal rib was the only meat that saw a rise of $2.37 to hit $386.24.

Markets

Grain markets rally Thursday at midday

The grain markets are rallying again. After struggling or moving lower yesterday, the crop markets turned upward overnight, with the grain markets continuing their advance this morning. Talk of excess rainfall in the U.S and potential dryness in Russia, Canada and Australia are boosting wheat, with corn following right behind. Good export news is boosting the yellow grain market. July corn futures rose 4.0 cents to $3.64/bushel around midsession Thursday, while December added 4.0 to $3.8125.

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