Market Closes - July 17, 2015
Posted on Jul 17, 2015Live Cattle futures traded both sides of unchanged in a wide $2+ range. But in the end, prices closed lower on the recent bearish momentum fueled by declining beef values and a $2.00/cwt drop in the cash cattle market to $148/cwt. Choice carcasses are down 0.65 at 233.30; Select down 1.43 at 229.39. Feeder futures closed higher as CBOT futures fell sharply.
Lean Hog futures closed lower on a lack of friendly market news. Hog slaughter is running ahead of expectations and a strengthening US Dollar may limit pork exports. FOB Plant Pork closed down .23 at 82.42; rib value lost over 4%.
Corn Sep -10 420; Dec -10 431 (429-40) Bean Aug -4 1015; Nov -4 1007 (999-1013) Meal Aug -2 361; Oct -2 348 Oil +32 3178 Wheat Sep -8 554; Dec -7 563 KC -7 546; MGE -7 575 Oats -6 250 Rice -4 1092
LC Aug +15 14665; Oct -30 14912; Feb -25 15165 FC Aug +72 21520; Oct +142 21170; Jan +97 20387 LH Aug -32 7567; Oct -107 6345; Dec -90 6067 Milk Aug -13 1594; Sep -4 1601
US$ +.3% Dow -34 18086 SP +2 2127 NAS +47 5210 Tran +55 8294 VIX -.16 11.95
WTI -2 5089 Brent +46 5751 Gas +3 193 NG +2 287 HO unch 166 Eth -2 155 Gold -12 1132 Slvr -15 1483
2-yr 0.669 5-yr 1.671% 10yr 2.347% 30yr 3.080%
Paris Stockyards, Paris, KY Weighted Average Report for Thursday Jul 16, 2015 **16 Jul CPH sale report is attached at the bottom of this report**
Cattle Receipts: 1101 Last week: 404 Last year: N/A
Compared to last week: Feeder steers sold steady, heifers steady to 2.00, some 3.00 higher, slaughter cows sold 1.00 to 2.00 lower, bulls steady.
Slaughter cows made up 6 percent of the offering, slaughter bulls 2 percent, replacement cows 1 percent, and feeders 91 percent. The feeder supply included 53 percent steers, 38 percent heifers, and 9 percent bulls. Near 66 percent of the run weighed over 600 lbs. Feeder cattle: 1007 Cows: 52 Bulls: 18
Tagged Post Topics Include: Economics, Market updates
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