5 Minutes on the Markets – 05/06/25

This is posted every morning at about 8 AM, before the markets open.

Live Cattle and Feeder Cattle set new contract highs and closed strong. Lean Hogs were a slightly lower to start the week. Corn dropped aggressively on planting progress and 10-day weather forecasts, July settled at the lowest price since just before Christmas. Beans and Wheat were weak, as well. Wheat is very close to contract lows, but Soybeans may have a ways to go if aggressive selling pressure shows up. The Fed begins their 2-day FOMC meeting today, not expecting any rate change with this meeting. Gold, Silver, Copper up sharply and Crude complex reversing back higher, following OPEC+ production increases.