Market Closes - August 16, 2017 - Kentucky Farm Bureau

Market Closes - August 16, 2017

Posted on Aug 16, 2017

Although 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%

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KENTUCKY LIVESTOCK AUCTIONS --  Click Here

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