Market Closes - December 29, 2014

Posted on Dec 30, 2014
CBOT futures closed mixed amid a variety of USDA export sales and shipment reports released this morning. Trading is affected by the holiday interruptions and the approaching “year end”. Expect markets to have more focus next week. Wheat finished higher on the severity of the Russian economic problems and its announced grain export restrictions.

Cattle futures closed sharply higher. Cattle touched limit-up price levels before backing down; for LC, that’s $3.00 and for FC, $4.50. Today’s strength was in part from last week’s rise in cash cattle and beef prices. Choice 1-3 600-900 lbs carcasses up 1.15 at 245.67; Select 1-3 600-900 lbs carcasses up 0.90 at 236.51.

Lean hog futures closed slightly higher, caught between weaker pork values and the soaring cattle pit. FOB Plant Pork dropped .77 to 86.88.

Corn Mar -2 413; Jly -2 428; Dec -2 437 Bean Jan -6 1042; JLy -4 1062; Nov -4 1024 Meal Jan -2 377; Jly -3 348 Oil +33 3279 Wheat Mar +5 615; Jly +4 620 KC +3 647; MGE +6 637 Oats -3 303 Rice -34 1182

LC Dec +175 16650; Feb +252 16500; Jun +212 15492 FC Jan +372 21745; Mar +377 21567; Aug +362 21862 LH Feb +25 8180; Apr +45 8465; Jun +75 9152 Milk Jan -1 1574; Feb +21 1543

US$ +.2%

Dow -15 18038 SP +2 2091 NAS unch 4807 Tran +18 9217 VIX +.56 15.06

WTI -102 5371 Brent -148 5797 Gas -5 145 NG +16 317 HO -5 186 Eth unch 166 Gold -12 1184 Slvr -36 1579

2-yr -.023 0.716% 5-yr -.046 1.710% 10yr -.046 2.204% 30yr -.040 2.773%

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Tagged Post Topics Include: Economics, Market updates