Corn and wheat closed lower, while the soy complex managed 1 percent gains. Traders generally think the forecasted weather will have minimal impact on production.  Soybeans rallied on a second day of corrective buying.

http://droughtmonitor.unl.edu/

Another rough day for cattle futures with roughly $2/cwt losses. Futures opened steady but weakness in light cash trade ($110) and the boxed beef market weighed on the market. Futures closed near the day’s lows.  Choice ended down 1.88 at 195.63 and Select lost .84 to 194.20.

Lean Hog futures also closed sharply lower, confirming yesterday’s bearish price reversal.  In 2 days, over half of the big August rally has been erased. Futures were pressured by lower cash hog prices and weaker pork values at midday. However, FOB Plant Pork closed up .42 at 91.97.  Rising market receipts and average weights is bearish on cash markets.
 

Corn Sep -2 350; Dec -2 364 (363-68)

Bean Sep +8 930; Nov +8 933 (926-35)

  Meal +1 296

   Oil +36 3321

Wheat Sep -5 414; Jly -4 493 (491-500)

   KC -5 414; MGE -3 670

Oats -2 258

Rice -6 1212

 

LC Aug -235 10712; Dec -202 10827; Feb -167 11060

FC Aug -177 14047; Oct -230 14047; Jan -185 13767

LH Oct -185 6692; Dec -167 6180; Feb -140 6630

Milk Aug +3 1650; Sep +3 1708

 

US$ +.3%

Dow -274 21751

SP -38 2430

NAS -123 6222

Tran -225 9152

  VIX +3.81  15.55  +32%

 

WTI +22 4700

Brent +61 5088

Gas +3 159

NG +3 292

HO +1 158

Eth -2 151

Gold +11 1294

Slvr +7 1701

 

2-yr -.028 1.302%

5-yr -.032 1.749%

10yr -.040 2.185%

30yr -.035 2.772%
 

Kentucky Farm Bureau Minute video  - Click Here

KENTUCKY CASH GRAIN PRICES – Click Here

KENTUCKY LIVESTOCK AUCTIONS --  Click Here