Kentucky Farm Bureau

CBOT futures closed mixed with KC Wheat rising a sharp four percent and Chicago wheat up two percent.  Cattle futures closed little changed and remain near their 6-month highs.  Lean Hog futures closed sharply higher as pork values posted large gains again today.

CBOT futures closed mostly lower with beans and meal leading the way down.  Cattle futures closed moderately higher, but near the day’s highs. Futures were lifted by last Friday’s stronger cash cattle market.  Lean Hog futures closed mixed with December LH down a sharp 82 cents on weaker cash hog prices.

CBOT futures closed widely mixed as soybeans rallied on favorable reports that suggest the US/China Phase 1 deal is on track. Live cattle futures were up slightly and feeder cattle posted moderate gains in the 2020 contracts. Beyond the 47 cent loss in the December LH, lean hog futures closed variably higher.

After trading to the upside overnight, corn and soybeans headed south once the market reopened at 8:30 am.  Cattle futures closed lower with feeder cattle leading the way down.  Lean Hog futures closed lower with the nearby December LH down sharply.  

CBOT futures closed mixed with wheat gaining on corn, while soybean futures slipped four cents.  Live Cattle closed mixed while Feeder Cattle closed lower. After opening near steady, lean hog futures steadily moved higher throughout the morning and closed near the highs, up sharply on the day.

CBOT futures closed mixed with corn and wheat under pressure from disappointing export demand and plentiful supplies. Some private corn production estimates are above expectations. Cattle futures closed slightly higher except for the nearby feeder contracts.  Beyond the nearby December LH contract, futures closed moderately lower.

CBOT futures traded most of the day on the plus side and closed with moderate to strong gains, led by Chicago wheat futures. Live cattle closed near steady while feeder cattle posted moderate losses, albeit about a dollar off the day’s lows. Lean hog futures closed sharply lower for a second day.

CBOT futures closed very mixed with gains for wheat and losses for soybeans and meal; corn ended nearly steady. Cattle futures closed slightly higher except for nearby October LC which gained $1.35/cwt. December LH futures closed mixed with nearby December LH futures losing $1.50; this follows Tuesday’s $3.00 limit-up move.