Market Closes - April 26, 2017

Posted on Apr 26, 2017

CBOT futures closed mostly lower to steady. Corn and soybean futures were pressured late morning by updated weather forecasts that lessened traders concern about planting delays. It’s still April and we’re already in a “weather market”. Futures finished near the day’s lows. Corn futures erased yesterday’s gains and put prices back below the key 200-day moving averages. Soybean and soymeal futures closed below their 20-day moving averages. Thanks to strength in the MGEX spring wheat market due to weather, Chicago and KC wheat futures closed near steady.

Cattle futures soared today on a stronger cash market at the Fed Cattle Exchange supporting ideas that general trade will be up nicely from last week. LC moved to new highs and Feeder Cattle beyond the nearby April contract closed at/near the daily $4.50 limit higher. The strong US equity market and improving economy were supportive. Choice carcasses up 0.17 at 219.18; Select down 0.55 at 205.72.

Lean Hog futures opened higher at 830 am in sympathy with the stronger cattle futures, but headed lower within 10 minutes, only to close much lower and near the day’s lows. FOB Plant Pork closed down .35 at 73.47.

Corn May -6 359; Jly -5 367; Dec -5 384

Bean May -9 946; Jly -8 956; Nov -8 954

  Meal -4 310

  Oil +33 3191

Wheat May -1 408; Jly unch 426

  July KC unch 425; MGE +6 551

Oats -2 221

Rice -15 914

 

LC Apr +220 13202; Aug +272 11477; Oct +267 11375

FC Apr +112 13985; May +440 14207; Aug +450 limit 14585

LH May -55 6467; Jly -110 7175; Oct -60 6437

Milk May +1 1533; Jun -7 1535

 

US$ +.1%

Dow -21 20975

SP -1 2387

NAS unch 6025

Tran -82 9168

  VIX +.09 10.85

 

WTI -30 4926

Brent -57 5153

Gas -4 158

NG +10 314

HO -2 153

Eth -2 159

Gold -3 1262

Slvr -12 1747

 

2-yr -.012 1.274%

5-yr -.022 1.828%

10yr -.025 2.304%

30yr -.018 2.961%

Lexington Auction (Tues)
Weighted Average Report for 04/25/2017
Receipts:  610    Last Week:  960    Year Ago:  640
**Lexington Tuesday sale held at Richmond yards while new yards is under construction**

    Compared to last Tuesday steer calves sold mixed with some lightweight offerings trading weak and heavy calves selling firm. Calf quality been a bigger factor on prices this week.  Quality was average through attractive.  Yearlings lightly tested.  Slaughter cows and slaughter bulls sold 4.00 higher as demand increases for summer grilling season.

Kentucky Farm Bureau Minute video  - Click Here

KENTUCKY CASH GRAIN PRICES Click Here

KENTUCKY LIVESTOCK AUCTIONS --  Click Here