CBOT futures closed little changed except for the old-crop soybean and meal futures.  A disappointing weekly soybean crush report weighed on soybeans. Corn futures had a good week.  May Corn traded up to 7.20 with the 100-day moving average at $7.21.  CBOT wheat futures also had a strong week with the May contract up over 50 cents off last week’s lows.  Wheat has been supported by increased feed usage and signs of improving exports.

Cattle futures closed sharply lower as cash trade went for $127/cwt which was lower than the trade expected.

Lean Hog futures closed moderately lower, pressured by lower cash hog prices and the bearish cattle futures trade.

Corn May +.5 717; Jly +2 700; Dec +2.5 562 Bean May -9.5 1426; Jly -5 1411; Nov +1 1261 Meal May -6 419; Oct -1 356 Oil +57 4991

Wheat May -2 723; Jly +1 721; Dec +2.5 739

KC -1 751; MGE -5 796

LC Apr -227 12577; Jun -185 12130; Oct -167 12682

FC Mar -160 13667; Apr -245 13910; Aug -245 14802

LH Apr -120 7967; Jun -120 8932; Oct -130 8087

Milk Mar unch 1695; Apr -1 1715

Oats +5 402

Rice +14 1468

US$ -.51 82.35

Dow -25 14514

SP -3 1561

NAS -10 3249

Tran -9 6273

VIX unch 11.30

WTI +42 9345

Brent +114 10932

Gas +1.5 315.5

NG +5 386

HO +1.6 2.946

Eth unch 263

Gold unch 1591

Slvr -6 2874

2-yr -.008 0.265%

5-yr -.045 0.837%

10yr -.042 1.997%

30yr -.024 3.213%

Kentucky Weekly Livestock Summary for 8 March through 14 March, 2013

Receipts

This Week  Last Week  Last Year

25,392      14,633    24,797

Compared to last week:  Feeder Steers and Heifers 2.00-4.00 lower.  Steer and Heifer calves sold uneven.  Demand light to moderate for feeders, moderate for calves on heavier supplies relative to recent weeks.  Pressure this week stems from lower futures markets and continued losses in the Feedlot sector.  Strength in spots for lightweight calves as some local accounts prepare for Spring grazing.

Slaughter Cows and Bulls were 2.00 to 3.00 higher with good demand.  Enhanced competition within the state continues to support the Cow and Bull prices.

KENTUCKY CASH GRAIN BIDS – Click Here