Market Closes - December 31, 2015
Posted on Dec 31, 2015Livestock futures also traded in relatively small price ranges ahead of the long weekend. Feeder Cattle futures closed higher extending the rally which started December 18. Choice beef added another 3.81/cwt to hit 212.59, and Select beef gained 3.71 to 205.22. Just one week ago, Choice was 197.63 and Select was 189.47. Fed cattle sold for $134-135/cwt this week; thus the December LC contract surged to 135.80 today as it expired.
Lean Hog futures closed little changed today and traded in a narrow range during the 4-day week. Today’s stronger pork market may provide a lift in Monday’s early trade. FOB Plant Pork closed up 1.05 at 68.83 with bellies up over 7 percent.
CNBC reports that the Dow Jones Average (-2.23%) and the S&P500 Index (-.73%) ended 2015 lower for the year, and had their worst years since 2008. The Nasdaq is up 5.7 percent for 2015.
Corn Mar unch 359; Jly -1 370; Dec unch 383 Bean Jan -4 871; Jly -6 877; Nov -5 883 Meal -2 264 Oil -29 3055 Wheat Mar unch 470; Jly unch 483 KC +3 468; MGE +1 493 Oats -1 217 Rice +2 1156
LC Dec expired @ 13580, up 280 Feb +10 13680; Apr -7 13797; Aug +12 12367 FC Jan +95 16690; Apr +130 16352; Aug +87 16527 LH Feb +2 5980; Apr -7 6595; Jun -15 7800 Milk Jan -6 1355; Feb -11 1376
US$ +.4% Dow -179 17425 SP -19 2044 NAS -58 5007 Tran -29 7509 VIX +.92 18.21 +5.3%
WTI +55 3715 Brent +82 3728 Gas +3 127 NG +13 235 HO +2 113 Eth +2 140 Gold unch 1060 Slvr -2 1382
2-yr -.027 1.052% 5-yr -.041 1.758% 10yr -.036 2.269% 30yr -.028 3.015%
Tagged Post Topics Include: Economics, Market updates
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