Market Closes - December 19, 2014
Posted on Dec 19, 2014Cattle futures closed sharply higher as buyers rush back into the market after suffering severe losses for five days (in Feeder Cattle). The cattle and beef markets didn’t follow futures. Choice down 3.38 at 238.57; Select carcasses down 0.44 at 229.88/cwt. Today’s Cattle on Feed Report showed the December 1st inventory up 1.4 percent from a year ago. This was pretty close to the pre-report trade guess.
Lean Hog futures closed little changed. FOB Plant Pork dropped .55 to 86.83. The Quarterly Hogs and Pigs Report will be out next Tuesday afternoon. It appears that hog producers and broiler companies are both working on a 3-percent expansion.
Corn Mar unch 410 (405-11); Jly unch 426; Dec unch 435 Bean Jan -4 1030 (1022-36); Jly -4 1052; Nov -2 1017 Meal Jan -2 363; Jly -1 346 Oil +8 3197 Wheat Mar -23 632; Jly -20 634 (629-52) KC -18 666; MGE -13 648 Oats -6 310 Rice +20 1231
LC Dec +205 16075; Feb +157 16010; Jun +205 15250 FC Jan +307 22015; Mar +420 21797; Aug +385 21960 LH Feb +2 8190; Apr -2 8320; Jun -45 9042 Milk Jan +21 1644; Feb +24 1580
US$ +.4%
Dow +27 17805 SP +9 2071 NAS +17 4765 Tran +36 8989 VIX -.32 16.49 -1.9%
WTI +354 5790 Brent +289 6216 Gas +6 158 NG -19 345 HO +4 198 Eth -3 161 Gold unch 1194 Slvr +13 1606
2-yr +.009 0.642% 5-yr -.013 1.645% 10yr -.046 2.158% 30yr -.061 2.752%
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Tagged Post Topics Include: Economics, Market updates
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