Market Update - September 21, 2012
Posted on Sep 21, 2012Cattle futures are only slightly higher supported by the outside markets and optimism about this afternoon’s Cattle on Feed Report. The September 1st on-feed number should be nearly unchanged from a year ago.
Lean hog futures are trading higher, supported by improving cash markets and a positive technical chart picture.
Corn Dec +3.5 749.5; Mar +3 752; Dec’13 +3 643
Bean Nov +3 1622; Mar +7 1583; Nov’13 +20 1359 Meal Oct +2.6 485; May +5 442 Oil -11 5452
Wheat Dec +15 894; Jly +6 869.5 KC +11 921; MGE +13 954
LC Oct +15 12580; Feb +30 13215;
FC Sep -2 14410; Oct +22 14695; Jan +22 15042
LH Oct +57 7542; Dec +42 7462
Milk Sep -1 1894; Oct unch 2028
Oats -1 372
Rice +12 1531
US$ -.2%
Dow +.3%
SP +.3%
NAS +.5%
Tran unch
VIX -1.3% 13.89
WTI -.1%
Brent +1%
Gas +.8%
NG +2.7%
HO +.8%
Eth +.4%
Gold +.9%
Slvr +1.2%
5-yr -.001 0.688%
10yr +.014 1.779%
30yr +.028 2.972%
Blue Grass Stockyards Cattle Weekly Summary Report for the week ending 09/18/12 Receipts: 2,243 Last Week: 2,894 Year Ago: 3,115
Compared to last week, steer calves sold firm with very good demand. Heifer calves sold steady to 1.00 higher with good demand. Yearling steers sold firm with very good demand. Yearling heifers sold 2.00 higher in a light test. Slaughter cows sold 2.00 to 5.00 lower with light demand. Slaughter bulls sold steady to 1.00 lower with moderate demand.
Total supply included 07% slaughter cows, 02% slaughter bulls, less than 1% replacements and 91% feeders. Feeder supply 42% steers, 23% bulls, 35% heifers with 45% of feeders weighing over 600 lbs.
Tagged Post Topics Include: Economics, Market updates
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