Market Update - August 31, 2012
Posted on Aug 31, 2012The US dollar is down sharply; gold and silver are up sharply. All of the friendly outside markets are not helping the CBOT futures market as they are down across the board. With a 3-day weekend ahead of us, traders are taking profits and reducing their market risk. By Tuesday, we’ll have an idea of crop damage from Isaac’s remnants.
Live Cattle futures are little changed. The October is at a good premium to the fed cattle cash price. Feeder futures are getting a bump from lower grain prices.
Lean hogs are lower on continued weakness in the hog markets.
Corn Sep -12 799; Dec -12 796 (793-810); May -10 791
Bean Sep -10 1760; Nov -13.5 1750 (1745-1763); May unch 1580
Meal -3 545
Oil -9 5650
Wheat Sep -20 864; Dec -20 882; Jly -4 853
LC Oct +7 12557; Feb -25 13190
FC Sep +147 14477; Nov +142 14767; Apr +130 15440
LH Oct -45 7370; Feb -47 7942
Milk Sep -21 1890; Oct -40 1979
Oats -1 387
Rice -11 1492
US$ -.5%
Dow +.6%
SP +.4%
NAS +.4%
Tran +.2%
VIX -.9% 17.67
WTI +1.7%
Brent +1.4%
Gas +1.2%
NG +.8%
HO +1.1%
Eth -1.5%
Gold -.4%
Slvr +2.7%
5-yr -.049 0.617%
10yr -.046 1.582%
30yr -.037 2.711%
Tagged Post Topics Include: Economics, Market updates
Comments