• Corn futures were lower, while wheat and soy complex futures were mixed.
• The value of the US dollar against the euro was slightly lower.
• Crude oil futures were higher.
• New York gold futures were slightly higher.
• US stock indexes were lower.
• European stock indexes were lower.
• Asian stock indexes closed higher Tuesday.
Reduced buying interest pressured lean hog futures. The lack of US Department of Agriculture reports has left the market lacking in direction on how to price hogs and pork, according to analysts. October lean hog futures eased .250c, closing at 91.600c a lb, but all other contracts closed higher.
• Cutout values for pork were unavailable because of the government shutdown.
• Corn, wheat, soybean and soybean meal futures finished higher Monday while soybean oil futures ended lower. Wheat futures closed at their highest in 15 weeks on expectations of lower production in the Black Sea region and on ideas that Brazil will continue importing US grain.
Corn and soybean futures gained ground on recent wet weather that slowed harvests in the country’s midsection. Chicago December wheat rose 7¾c, closing at $6.94¾ a bushel, Kansas City December gained 6¼c, closing at $7.56½ a bushel, and Minneapolis December rose 4c, closing at $7.50¼ a bushel. December corn futures ended up 6c, closing at $4.49¼ a bushel. November soybeans gained 1½c, closing at $12.96½ a bushel. October soybean meal was up $2.40, closing at $433.70 a ton. October soybean oil dropped 0.34c, closing at 39.65c a lb.
• Major US stock indexes were lower Monday on concerns about the continuing US federal government shutdown, now a week old. The Dow Jones Industrial Average fell about 136 points, closing at 14,936.24. The Standard & Poor’s 500 Index lost more than 14 points, closing at 1,676.12. The Nasdaq Composite Index fell about 37 points, closing at 3,770.38.
• The value of the US dollar against the euro was lower Monday.
• Crude oil futures, weighed down by the ongoing US government shutdown, fell Monday. The November contract declined 81c, closing at $103.03 a barrel.
• Gold futures gained ground Monday as some investors moved to safety in light of the ongoing US government shutdown. The October contract ended up $15.10, closing at $1,324.80 an oz.