Market Closes - March 28, 2017

Posted on Mar 28, 2017

CBOT futures closed steady to higher with fairly narrow trading ranges. Today’s price action was mostly corrective in nature, as traders prepare for Friday’s acreage and grain stocks reports.  

Cattle futures closed slightly higher following Monday’s big losses. Cash trade looks to be steady with last week.  Boxed beef was little changed with Choice down 0.21 at 201.65; Select down 0.34 at 193.83.

Lean Hog futures closed moderately lower, adding to sharp losses the past two trading days. LH was pressured by weaker cash hogs and pork values. FOB Plant Pork ended down 1.51 at 77.61 with bellies down nearly 6%.

Corn May +2 358; Jly +2 365; Dec +2 382 (380-82)

Bean May unch 972; Jly unch 982; Nov +1 972 (970-75)

  Meal unch 315

  Oil +18 3247

Wheat May +4 424; Jly +3 437 (433-39)

  Jly KC +3 437; MGE +2 542

Oats -5 235

Rice -5 975

 

LC Apr -30 12077; Aug +35 10712; Oct +32 10672

FC Mar +20 13235; May +27 13160; Aug +45 13355

LH Apr -55 6510; Jun -107 7245; Aug -85 7330

Milk Apr +17 1517; May +29 1558
 

US$ +.5%

Dow +150 20701

SP +17 2359

NAS +35 5875

Tran +162 9097

  VIX -.97 11.53

 

WTI +71 4844

Brent +63 5138

Gas +1 163

NG +4 309

HO +1 152

Eth +2 156

Gold unch 1256

Slvr +14 1825

 

2-yr +.039 1.306%

5-yr +.052 1.965%

10yr +.045 2.420%

30yr +.046 3.026%

Kentucky Farm Bureau Minute video  - Click Here

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KENTUCKY LIVESTOCK AUCTIONS --  Click Here