Corn Sep -2 360; Dec -2 374 (373-78)

Bean Sep -7 874; Nov -7 886 (885-95)

  Meal -3 325

   Oil +5 2859

Wheat Sep -15 527; July -11 575 (574-88)

  KC -13 534; MGE -5 589

Oats -4 257

Rice +27 1054

 

LC Aug +20 10927; Dec +10 11467; Feb -10 11797

FC Aug -45 14917; Oct -35 15092; Jan -30 14952

LH Oct -25 5622; Dec -32 5390; Feb +70 6155

Milk Sep +1 1570; Oct +3 1604

CBOT futures closed lower and near the day’s lows, pressured by large yield estimates from a private crop tour and a lack of friendly market news. Wheat fell sharply for the second day in a row, confirming Monday’s bearish reversal pattern. Chicago wheat made new lows for August, while KC wheat ended near the August lows set last week. The speculative funds have been long wheat futures, but probably are sellers this week. A weaker US dollar and higher outside markets didn’t offer much help to agriculture futures.

Cattle futures closed narrowly mixed and generally mid-range. Recent strength in boxed beef values is supporting Live Cattle. The August LC contract is in line with last week’s cash average. Market reports indicate the feedlot showlists are a little lighter; hopefully, this helps cash trade. Choice beef ended down .41 at 213.57 and Select gained 1.79 to 204.08.  The CH/Sel spread is 9.49.

Lean Hog futures also closed narrowly mixed, but in the lower part of the trading range. After Monday’s bearish reversal and sharp losses, traders started the day bargain hunting. However the rally failed by late morning as cash hog prices and pork cutouts dropped.  FOB Plant Pork dropped .99 to 66.19.

US$ -.7%

Dow +64 25822

SP +6 2863 (hit new record intra-day high of 2873 today)

NAS +38 7859

Tran +74 11436

  VIX +.37 12.86

 

WTI +92 6735

Brent +52 7273

Gas unch 202

NG +4 298

HO +1 212

Eth -1 135

Gold +5 1200

Slvr +10 1477

 

2-yr +.017 2.608%

5-yr +.024 2.726%

10yr +.019 2.842%

30yr +.019 3.002%

Bluegrass Stockyard - Lexington, KY
Weighted Average Report for 08/20/2018
   Receipts:  630    Last Week:  615    Year Ago:  260
**Annual Internet Roundup and BBQ this Friday 4:00 p.m. - 8:00 p.m.

  Compared to last Monday feeder steers and heifers sold steady with good demand on a good through attractive quality offering. Yearling steers and heifers lightly tested. Slaughter cows sold 3.00 higher and slaughter bulls sold 4.00 to 5.00 higher with good demand.

Kentucky Farm Bureau Minute video  - Click Here

KENTUCKY CASH GRAIN PRICES – Click Here

KENTUCKY LIVESTOCK AUCTIONS --  Click Here