Market Closes - July 20, 2021 - Kentucky Farm Bureau

Market Closes - July 20, 2021

Posted on Jul 20, 2021

Corn Sep +16 572; Dec +13 566 (553-71); Dec22 +6 502

Bean Aug +15 1443; Sep +16 1399; Nov +16 1388 (1374-1406); Nov22 +10 1274

  Meal Aug +6 365; Dec +5 370

  Oil Aug +33 6702; Dec +85 6393

Wheat Sep +3 700 (698-718); Dec +2 709; Jly -2 698

  KC Sep +8 660; MGE -8 916 (909-43)

Oats +19 451

Rice +15 1319

 

LC Aug -47 11977; Oct -40 12470; Dec -70 13042

FC Aug -185 15552; Oct -107 15977; Jan -102 16112

LH Aug +52 10500; Oct +165 9201; Dec +147 8452

Milk Jly -3 1666; Aug -39 1628

Except for MGE spring wheat futures, the grain and soy complex posted higher closes with corn and oats leading the way. With the energy and equity markets stabilized, traders focused again on the unfavorable weather outlook in the critical crop region. Interestingly, corn, wheat and soy complex futures stayed above Monday’s closing prices. The difference was that corn ended upper range, soy mid-range and wheat near the day’s lows.

Cattle futures closed lower on pressure from weaker boxed beef values and rising corn futures. Choice beef lost 1.61 to 264.88 and Select slid .91 to 248.58. Beef movement was fairly strong at 152 loads.

Lean hog futures closed higher even as the pork cutout weakened. The August LH’s discount to the current CME Lean Hog Index offered support. FOB Plant Pork dropped 1.51 to 120.34 with pork movement a very heavy 340 loads. Ham value was down 4% and the butt was down 6%.

US$ +.1% 92.96

Dow +550 34512

SP +65 4323

NAS +224 14499

Tran +284 14458

  VIX -2.77 19.73

 

WTI +5 6640

Brent +3 6865

Gas -1 208

NG +15 390

HO +1 199

Eth unch 232

Gold +1 1810

Slvr -17 2497

 

2-yr -.008 0.202%

5-yr -.007 0.683%

10yr +.041 1.222%

30yr +.065 1.880%

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