Corn Dec -2 375 (375-78); Jly -3 396

Bean Jan -2 915 (913-21); Jly -2 951

  Meal +2 304

  Oil -50 3053

Wheat Dec -8 509; Jly -8 522 (520-30)

   KC -14 425; MGE -6 515

Oats -2 305

Rice -4 1192

 

LC Dec -165 11810; Feb -147 12410; Apr -137 12567

FC Nov -222 14557; Jan -430 14282; Apr -322 14482

LH Dec -160 6312; Feb -100 7455; Apr -27 8175

Milk Nov +13 2017; Dec +12 1881

 

CBOT futures closed mostly lower led by KC wheat, which was the big gainer yesterday. Wheat futures generally erased Tuesday’s gains. There was a lack of market news except for negative midday comments regarding the US/China trade negotiations. The U.S. equities market reacted to it and then fully recovered. Uncertainty will persist regarding the trade deal.  

The cattle market finally snapped today from cash prices being sharply discounted to futures. Even as boxed beef values firmed, cattle futures dropped sharply. Light cash trade was reported around $115.00. Choice gained 1.84 to 242.34 and Select rose 1.30 to 217.53.

Lean Hog futures also closed lower with the nearby December LH down sharply, settling at chart support. FOB Plant Pork fell 1.51 to 87.02. Ham value fell over 4%; loins dropped 3%.

US$ steady 9836

Dow +92 27784

SP +2 3094

NAS -4 8482

Tran -117 10843

  VIX +.32 13.00

 

WTI +32 5712

Brent +31 6237

Gas +2 164

NG -2 260

HO +1 191

Eth -2 141

Gold +10 1463

Slvr +22 1691

 

2-yr -.006 1.644%

5-yr -.024 1.694%

10yr -.020 1.889%

30yr -.017 2.368%

“Across Kentucky” podcast  - Click Here

KENTUCKY CASH GRAIN PRICES – Click Here

KENTUCKY LIVESTOCK AUCTIONS --  Click Here