* At midday, corn is -6, soybeans are -9, Chicago wheat is -9, KC wheat is -9, Minneapolis wheat is -6, Jan feeders -1.300, Feb fat cattle -1.000, Feb hogs -.800.
* Federal government will announce today at 1 pm CT on whether or not it will increase interest rates. Also the Argentine government will also have a news conference at 3, and is expected to announce a relaxation of currency controls.
* The EIA crude oil stocks were increased by 4.801 bbls; stocks at 490.66 mln bbls but expected a decline of 1.00 mln bbls. Ethanol production increased by 7,000 bbl up to 1,000,000 bbl/day. Only second time in history production has been this high. As a result stocks grew by .5 at 20.3 mln bbl.
* Cash cattle in Texas have traded today at $118/cwt, according to cash sources.
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