CBOT futures were mostly lower on favorable growing conditions and positioning ahead of Monday morning’s USDA reports.

The average trade estimates are near:

Corn Yield = 157.7 bu/acre Prod’n= 14.00 billion  2013/14 End Stocks= 1.97 billion

Soybean Yield = 43.5 bu/acre Prod’n= 3.34 billion  2013/14 End Stocks= 263 million

After 11 am CDT, see the report HERE.

Cattle futures closed lower as the initial bullishness from the Tyson-Zilmax announcement faded.  So far, no other packers have joined Tyson and Merck Animal Health says its Zilmax data does not support Tyson’s claims. Boxed beef values were mixed today. Fed cattle reportedly sold for $121/cwt, up $1-2 from last week.

Lean Hog futures closed just slightly lower but near the top of the day’s trading ranges. The Pork Cutout rose strongly despite a second day of lower pork belly prices. Corn Sep -8 466; Dec -6.5 453 (452-463); Jly -6 481

Bean Sep -9 1218.5; Nov -2 1182 (1180-1194); Jly unch 1197 Meal Sep -2 391; Dec -1 356 Oil -25 4150

Wheat Sep -8 633.5; Dec -6.5 647; JLY -3 665 KC -5 697;  MGE -1.5 732

Oats -3 359

Rice -9 1519

LC Aug -17 12250; Oct -20 12687; Feb +17 13047 FC Aug -40 15385; Oct -52 16000; Jan -72 15915 LH Aug -10 10052; Oct -27 8497; Dec -10 8205 Milk Aug -7 1809; Sep -33 1805

US$ +.1%

Dow -73 15426 SP -6 1691 NAS -9 3660 Tran -42 6480 VIX +.68 13.41

WTI +263 10603 Brent +152 10820 Gas +5 291 NG -8 322 HO +3.5 299 Eth -3.5 214.5

Gold +4 1313 Slvr +32 2051

2-yr steady 0.31% 5-yr -.01 1.35% 10yr -.01 2.58% 30yr -.02 3.63%

Kentucky Weekly Livestock Summary  for 2 through 8 August 2013 USDA-KY Dept of Ag Market News

Receipts This Week             Last Week         Last Year 22,092                20,175            12,942

Compared to Last Week:  Steer and Heifer calves mostly steady for the week, but instances of 5.00-10.00 higher were seen in late week trading.  Feeder Steers and Heifers 2.00-4.00 higher.  Demand moderate to good for calves; good to very good for feeders.  Quality across the region improved over the last couple of weeks and numbers also picked up this week with higher prices bringing more cattle to town than is seasonally expected.  The blessing of moisture this summer has extended grazing for the state and many of the cattle that marketed this week were offered in thin flesh with good weigh-ups.   Slaughter Cows steady to 2.00 lower.  Slaughter Bulls mostly steady.

Supply:  Slaughter Cows 6 percent; Slaughter Bulls 2 percent; Feeder cattle 90 percent.  In the feeder supply, Steers made up approximately 37 percent and Heifers approximately 43 percent.  Steers and Heifers over 600 lbs totaled approximately 62 percent.  Replacement cattle 2 percent.

KENTUCKY PEST NEWS  University of Kentucky http://www2.ca.uky.edu/agcollege/plantpathology/extension/KPN%20Site%20Files/pdf/KPN1351.pdf

 

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