Market Closes - August 19, 2021 - Kentucky Farm Bureau

Market Closes - August 19, 2021

Posted on Aug 19, 2021

Corn Sep -12 550; Dec -14 551 (546-63); Dec22 -8 508

Bean Sep -35 1323; Nov -33 1320 (1314-52); Nov22 -21 1241

  Meal Sep -6 351; Dec -7 354

  Oil Sep -133 6060; Dec -156 5992

Wheat Sep -10 727 (716-37); Dec -8 743; Jly -5 726

  KC Sep -8 715; MGE -6 917

Oats -2 492

Rice -9 1319

 

LC Aug -62 12340; Oct -90 12815; Dec -60 13397

FC Aug -57 15827; Oct -35 16547; Jan -45 16652

LH Oct -217 8692; Dec -157 8055; Feb -125 8322

Milk Aug -15 1604; Sep +6 1719

 

CBOT futures closed sharply lower led by the soy complex. Futures were pressured by forecasted rains and bearish outside markets – crude oil down and US Dollar higher. Soybeans posted large losses despite strong new-crop soybean export sales. It was a general “risk off” day.

Cattle futures closed lower under pressure from the bearish outside markets, weak beef export sales and “risk off” trade. While boxed beef values moved to annual highs, it’s not doing much for cash cattle prices. Traders were also preparing for tomorrow’s Cattle on Feed Report. Choice beef gained 1.55 to 341.63 and Select jumped 6.61 to 316.41. Movement was very light at 75 loads. Negotiated cash trade has been light with $122 in the S.Plains and $126 in NE.

Lean hog futures closed lower with the nearby October LH down sharply. LH was pressured by disappointing pork export sales and the “risk off” trading. FOB Plant Pork closed up only .79 at 121.40 compared to the morning quote of 128.16. Ham value went from up 23.42 to down 10.37. Surprisingly, pork movement was a disappointing 283 loads.

US$ +.4%  93.56  – level not seen since November 2020

Dow -67 34894

SP +6 4406

NAS +16 14542

Tran -184 14520

  VIX +.10 21.67

 

WTI -171 6350

Brent -178 6645

Gas -7 208

NG -2 383

HO -5 197

Eth unch 222

Gold -1 1780

Slvr -19 2323

 

2-yr +.003 0.222%

5-yr -.009 0.769%

10yr -.030 1.243%

30yr -.040 1.873%

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