USDA FSA offices open January 17,18,22 for LIMITED services.  Read USDA release HERE.

Corn Mar +3 374 (372-75); Dec +3 399 (398-400)

Bean Mar +1 894 (891-900); Nov unch 937 (935-43)

  Meal +1 310

  Oil -1 2823

Wheat Mar +1 512; Jly +2 523 (521-26)

   KC unch 495; MGE +3 565

Oats +3 295

Rice +8 1046

 

LC Feb +87 12782; Jun +45 11750; Aug +27 11390

FC Jan -97 14377; Apr +5 14555; Aug +45 15012

LH Feb -210 6005; May -115 7082; Jun -47 7817

Milk Feb -11 1423; Mar -13 1480  

 

CBOT futures closed steady to 3 cents higher, with mid-range or below closes. Today’s action eased the negative tone of Tuesday’s big losses. There’s little reason to buy the market when USDA data is missing and optimism on US/China trade negotiations is fading without official announcements. Grain and soybean supplies are burdensome.

Cattle futures closed higher except for nearby Feeder Cattle. February and April LC made new contract highs for the second day in a row. The approaching winter storm may push the nearby cash market higher. Choice beef ended down .31 at 211.90 and Select gained 1.07 to 206.94.

Lean Hog futures took a big hit today in the Feb/Apr/May LH contracts. LH was pressured by weaker pork and hog prices. Again, traders are losing confidence that China will make big purchases of US pork. China is encouraging its hog producers to expand herds in light of a large drop in the breeding numbers. FOB Plant Pork dropped .69 to 69.64 with a 5% loss in Ham value.

 

US$ +.1%

Dow +142 24207

SP +6 2616

NAS +11 7035

Tran +51 9608

  VIX +.44  19.04

 

WTI +22 5261

Brent +68 6132

Gas +1 142

NG -10 340

HO +2 189

Eth -1 126

Gold +5 1293

Slvr unch 1562

 

2-yr +.016 2.545%

5-yr +.018 2.542%

10yr +.019 2.727%

30yr +.005 3.074%

 

“Across Kentucky” podcast  - Click Here

KENTUCKY CASH GRAIN PRICES – Click Here

KENTUCKY LIVESTOCK AUCTIONS --  Click Here