Market Closes - August 16, 2017
Posted on Aug 16, 2017Although CBOT futures opened generally near steady, the closing prices were mostly lower except for MGEX wheat. Futures were pressured by non-threatening weather and technical selling as corn and wheat futures fall to new lows.
Cattle futures closed lower with feeder cattle down sharply which erased yesterday’s huge gains. A weak cash cattle market and box beef values are discouraging buyers. Choice down 1.44 at 197.51; Select down 0.83 at 195.04.
Lean Hog futures closed sharply lower with a technical bearish reversal. Rising hog numbers being harvested pressuring the pork cutout and cash hog prices pressured the futures market. FOB Plant Pork fell 2.30 to 91.55 on a 7% drop in the belly value.
Corn Sep -3 352; Dec -2 366 (363-70)
Bean Sep unch 922; Nov +1 925 (921-28)
Meal -1 295
Oil +14 3285
Wheat Sep -10 419; July -5 496 (494-507)
KC -7 419; MGE +15 673
Oats +2 260
Rice -6 1218
LC Aug -57 10947; Dec -117 11030; Feb -142 11227
FC Aug -310 14225; Oct -352 14277; Jan -347 13952
LH Oct -175 6877; Dec -122 6347; Feb -82 6770
MILk Aug +4 1649; Sep +23 1707
US$ -.3%
Dow +26 22025
SP +3 2468
NAS +12 6345
Tran +6 9377
VIX -.30 11.74
WTI -78 4677
Brent -48 5032
Gas -2 156
NG -4 289
HO -3 157
Eth -2 153
Gold +9 1289
Slvr +41 1712
2-yr -.021 1.330%
5-yr -.037 1.782%
10yr -.041 2.225%
30yr -.031 2.809%
Kentucky Farm Bureau Minute video - Click Here
KENTUCKY CASH GRAIN PRICES – Click Here
KENTUCKY LIVESTOCK AUCTIONS -- Click Here
Comments