Markets at Midday April 13
Grains are under pressure at midday with selling showing up across the board.
Corn is trading lower as global supply and slow export demand continue to weigh on the market.
Soybeans are holding mostly steady, bouncing between small gains and losses as traders look for direction.
Wheat is lower, with pressure coming from strong global competition despite some weather concerns in key growing areas.
Livestock markets are showing strength.
Live cattle are pushing higher at midday, supported by strong cash trade and tight supplies.
Feeder cattle are also higher, with demand staying solid.
Hogs are trading lower, continuing to struggle with demand uncertainty.
Outside markets are mixed.
Crude oil is lower, easing some pressure on fuel costs.
The U.S. dollar is slightly higher, which could limit export competitiveness.