Market Closes - June 28, 2022 - Kentucky Farm Bureau

Market Closes - June 28, 2022

Posted on Jun 28, 2022

Corn Jly +15 759 (744-63); Dec +6 659 (655-68)

Bean Jly +33 1664 (1633-68); Nov +30 1462 (1436-69)

  Meal Jly +12 455 (441-58); Dec +6 400

  Oil  Jly +127 7209; Dec +108 6676

Wheat Jly +17 921 (907-35); Dec +17 950

  KC Jly +11 984; MGE -7 1035

Oats Jly +11 630; Sep +1 509

Rice +13 1621

 

LC Jun +5 13630; Oct -72 13940; Dec -55 14525

FC Aug -230 17182; Oct -142 17750; Jan -127 17952

LH Jly -25 10992; Oct -82 9020; Dec -72 8335

Milk Jly +22 2265; Aug +14 2322

CBOT futures closed strongly higher with corn and soybeans supported by a larger than expected drop in the good/excellent crop ratings released late Monday. Both corn and beans saw a 3-point decline in their Good/Excellent crop share. Wheat closed sharply higher on corrective buying after six days of lower prices had severely cut wheat futures.

Live cattle closed slightly lower while feeder futures were hit harder due to the corn price increase. The negotiated cash fed market was quiet today; however, feedlot offers are up from last week. Choice beef slid 1.54 to 267.14 and Select dropped 1.93 to 243.31. Beef movement was very strong at 154 loads.

Lean hog futures closed lower as cash hog and pork values weaken. FOB Plant Pork fell 3.56 to 105.47 with belly value down 20 to 131. Movement was strong at 322 loads.

US$ +.5% 104.50 

Dow -491 30947

SP -79 3822

NAS -343 11182

Tran -233 13280

  VIX +1.42 28.37

 

WTI +227 11184

Brent +306 11815

Gas +4 388

NG +1 651

HO -4 419

Gold -3 1821

Slvr -39 2077

 

2-yr +.001 3.112%

5-yr -.023 3.235%

10yr -.017 3.177%

30yr -.021 3.284%

“Across Kentucky” podcast  - Click Here

KENTUCKY CASH GRAIN PRICES – Click Here

KENTUCKY LIVESTOCK AUCTIONS -- Click Here