30yr -.012 2.749%

PORK INDUSTRY FACES RECORD LOSSES   “Losses per head this summer are estimated at $30, to be followed this fall by record quarterly losses of $60 per head. Losses in the first and second quarters of 2013 are projected to be $38 and $5 per head, respectively. Over this one year span, losses may average about $33 per head. That means total losses of around $4 billion for the U.S. industry.” From Weekly Outlook, University of Illinois Extension and Purdue University, August 27, 2012. http://farmdoc.illinois.edu/marketing/weekly/pdf/082712.pdf Blue Grass Stockyards    Cattle Report for 08/28/2012  Close Receipts:  1,321 Last Tuesday:  989 Year Ago:  1,342

Compared to Monday's sale steer and heifer calves sold steady to 2.00 higher with good demand; featherweight calves 5.00 to 10.00 higher with very good demand.  Yearling steers limited comparison.  Yearling heifers steady in a limited comparison.  Slaughter cows sold steady to 1.00 lower with moderate demand.  Slaughter bulls sold steady with good demand. Total supply included 06% slaughter cows, 01% slaughter bulls, 1% replacements and 92% feeders.  Feeder supply 45% steers, 11% bulls, 44% heifers with 76% of feeders weighing over 600 lbs.