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Soy complex turned lower Friday

US dollar strength once again weighed on the commodity sector Friday. A relatively high reading for Core-CPI on a Friday morning report sent the U.S. dollar higher, which in turn undercut the commodity markets. Actually, it wasn’t terribly surprising to see the corn setback, since the market had risen rather significantly lately despite generally bearish fundamentals, especially with the long weekend looming. July corn futures sank 5.0 cents to $3.60/bushel at Friday’s close, while December dipped 4.5 to $3.7775.

News

New film addresses farming, food insecurity

“The Ivy League Farmer” is a new feature film, and Iowa-based Diamond V is using the film in a non-profit initiative to help raise funds to feed hungry children in the Cedar Rapids, Iowa, area.

Markets

Morning Farm Report: Livestock prices mixed to end the week

Live cattle prices rose by $1.03 on Thursday to hit $152.38. This rise brought the 27-day average price to $154.43. Feeder cattle prices did not fare as well, dropping $2 to settle at $217.73, bringing the 27-day average price to $215.83.

Lean hog prices jumped $1.23 on Thursday, hitting $83.78. The 27-day average price is now at $81.02.

Corn prices saw a five cent rise, while wheat did even better with a nine cent increase.

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