Market Closes - May 5, 2016

Posted on May 5, 2016

CBOT futures closed lower led by soybeans and meal as the spec funds were heavy sellers. A stronger US Dollar and crude oil futures losing the early gains weighed on the market. Planting weather continues to be favorable.

Cattle futures closed sharply higher on short-covering and weaker CBOT futures. June Live Cattle futures discount to the cash cattle prices has been supportive. Choice beef down 0.32 at 204.42; Select down 0.15 at 195.50.

Lean Hog futures closed slightly higher today with a narrower trading range within the limits of yesterday’s trading range. FOB Plant Pork gained .66 to 83.12 on an 8% gain in belly value.


Corn Jly -3 374; Dec -3 381

Bean Jly -22 1012 (hi 1047); Nov -14 1001 (hi 1028)

  Meal -8 337

  Oil -21 3226

Wheat Jly -8 463 (462-72); Dec -8 490

  KC -5 453; MGE -9 532

Oats -2 192

Rice -7 1137

 

LC Jun +217 11962; Oct +185 11692; Dec +160 11647

FC May +302 14795; Aug +340 14702; Oct +267 14380

LH May +20 7757; Jly +52 8312; Oct +25 7055

Milk May -5 1288; Jun +5 1296


US$ +.5%

Dow +9 17661

SP steady 2051 (hi 2060)

NAS -9 4717

Tran -89 7667

  VIX -.14  15.91

 

WTI +54 4432

Brent +61 4523

Gas steady 149

NG -6 108

HO unch 133

Eth unch 149

Gold -2 1272

Slvr +3 1733

 

2-yr -.028 0.718%

5-yr -.042 1.198%

10yr -.042 1.742%