Corn Sep +4 351; Dec +4 365 (359-66)

Bean Sep +4 852; Nov +4 861 (852-62)

  Meal unch 329

  Oil -24 2783

Wheat Sep +10 504; Dec +10 520; Jly +8 550 (539-50)

  KC +9 496; MGE +9 537

Oats -2 232

Rice +4 1186

 

LC Aug -5 10890; Dec +22 11442; Feb +22 11835

FC Aug unch 15445; Oct +20 15492; Jan -25 15217  

LH Aug +5 6725; Oct +30 5222; Dec -15 4687  

Milk Aug -22 1487; Sep -13 1549

 

Corn, beans and wheat closed higher and at/near the day’s highs. Wheat led the market higher on ideas that some of our competitors are seeing some production losses due to weather. Corn was supported by a strong export sales report and some short-covering by the short speculative funds. Soybean futures spent most of the day on the negative side but rallied in the last 75 minutes to post 4-cent gains.  Chinese tariffs will limit gains in the short-run.

Cattle futures closed narrowly mixed after trading tight ranges, especially compared to yesterday’s market. Without follow-through in the cash market to Wednesday’s $112/cwt trading, traders paused to see what tomorrow’s Cattle on Feed Report says. The average trade guess is for on-feed inventory at 104.3 percent of a year earlier.  Choice beef closed down .31 at 204.49 and Select dropped .17 to 196.92.

Lean Hog futures also closed narrowly mixed after giving up early morning gains. The bearish fundamentals continue to hang over the market. FOB Plant Pork closed up .34 at 82.69.

 

US$ +.1%   Hit a 1-year high this morning.

Dow -135 25064

SP -11 2804

NAS -29 7825

Tran +45 10748

  VIX +.77 12.87

 

WTI +49 6824

Brent -28 7262

Gas unch 204

NG +5 277

HO unch 209

Eth +1 142

Gold -4 1229

Slvr -17 1540

 

2-yr -.016 2.595%

5-yr -.033 2.735%

10yr -.037 2.838%

30yr -.029 2.960%

 

Lexington, KY - Blue Grass Stockyards
Cattle Weekly Summary Report for the week ending 7/17/18
   Receipts:  1650   Last Week: 1681   Year Ago:  1268

Compared to last week steer calves sold unevenly steady with 300-500 lbs 5.00 higher in a light supply; 500-600 lbs steady to weak in a light supply, 600-700 lbs steady and yearling packages 3.00 to 5.00 higher with most demand for weaned calves and yearlings. Heifer calves sold mostly steady with good demand.  Slaughter cows 2.00 to 4.00 lower and slaughter bulls 3.00 lower with moderate demand.

Kentucky Farm Bureau Minute video  - Click Here

KENTUCKY CASH GRAIN PRICES – Click Here

KENTUCKY LIVESTOCK AUCTIONS --  Click Here