Market Closes - February 22, 2013

Posted on Feb 23, 2013
Corn Mar -.5 690; Jly -1.5 672; Dec -1 553 Bean Mar -26.5 1461; Jly -25.5 1429; Nov --10 1267    Meal Mar -10 427;  Oct -3 352    Oil -96 5035 Wheat Mar -6 715; Jly -4.5 723.5; Dec -3.5 746.5 KC -7.5 750;  MGE -4 803

LC  Feb +105 12635; Apr +40 12822; Oct +32 12980 FC Mar +55 14125; Apr +60 14377; Aug +80 15427 LH Apr -72 8165; Jun -75 9095; Oct -65 8200 Milk Mar +1 1724; Apr -7 1727

Oats -1.5 388 Rice -25 1558 US$ +.034 81.585 Dow +120 14000 SP +13 1515 NAS +30 3162 Tran +68 5944 VIX -1.05 14.17

WTI +29 9313 Brent +57 11410 Gas +4 308 NG +4.5 329 HO +1 310 Eth +1 236 gold -6 1573 slvr -24 2846 2-yr 0.258% 5-yr 0.832% 10yr 1.966% 30yr 3.155%

United States Cattle on Feed Down 6 Percent    Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.1 million head on February 1, 2013. The inventory was 6 percent below February 1, 2012.

Placements in feedlots during January totaled 1.88 million, 2 percent above 2012. Net placements were 1.80 million head. During January, placements of cattle and calves weighing less than 600 pounds were 445,000, 600-699 pounds were 395,000, 700-799 pounds were 535,000, and 800 pounds and greater were 501,000.

Marketings of fed cattle during January totaled 1.92 million, 6 percent above 2012.   Other disappearance totaled 79,000 during January, 2 percent below 2012.

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Tagged Post Topics Include: Economics, Market updates