Market Closes - July 14, 2021 - Kentucky Farm Bureau

Market Closes - July 14, 2021

Posted on Jul 14, 2021

Corn Sep +17 568; Dec +18 559 (537-63); Dec22 unch 494

Bean Aug +38 1453; Nov +31 1383 (1343-86); Nov22 +24 1277

  Meal Aug +12 369; Dec +11 371

  Oil Aug +68 6622; Dec +27 6375

Wheat Sep +20 654; Dec +19 662; Jly22 +17 669

  KC Sep +16 628; MGE +11 873

Oats +10 434

Rice +8 1314

 

LC Aug -50 12125; Oct -40 12677; Dec -37 13192

FC Aug -187 15695; Oct -242 16122; Jan -202 16307

LH Jly +12 11237; Aug -82 10510; Oct -15 8922

Milk Jly -5 1681; Aug -33 1775

 

CBOT futures closed sharply higher and near the day’s highs. The July contracts expired today. Futures found support from a hotter, drier extended forecast. With today’s rally, soybean and Chicago wheat futures closed the down gaps from July 6, but corn and soybean meal did not. December Corn has retraced around 50% of the dollar-plus drop off the July 1st high.

Cattle futures closed lower and near the day’s lows. Losses were amplified in the feeder futures due to the big rally in corn prices. Light cash trade and weaker live and beef values weighed on the market. Choice beef dropped .46 to 272.88 and Select fell 2.99 to 253.75. Light cash trade in Nebraska was reported at $123/cwt, down $2 from Monday.

Lean hog futures closed lower after opening higher this morning. LH are pausing after a strong 3-day rally. FOB Plant Pork ended down .12 at 118.69. Lower values for the loin, butt, and rib were offset by gains in the value of ham and picnics. Weekly pork export sales will be reported in the morning.

US$ -.5% 92.36

Dow +44 34933

SP +5 4374

NAS -33 14645

Tran +15 14689

  VIX -.79 16.33

 

WTI -229 7240

Brent -191 7458

Gas -3 227

NG -3 365

HO -5 214

Eth unch 232

Gold +19 1829

Slvr +19 2633

 

2-yr -.030 0.225%

5-yr -.053 0.795%

10yr -.067 1.348%

30yr -.061 1.976%

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