CBOT futures closed mixed with corn and wheat closing near the day’s lows. Corn traded higher Sunday evening in sympathy with a strong soybean complex rally. Soybean meal was the strongest market, but soybean futures backed down from weakness in soybean oil. Soybean futures have closed higher for 7 straight trading days. January Soybean is over a dollar/bushel higher than its October low. Corn futures traded wide “outside day” ranges and closed lower, which is a negative chart signal. MGEX Wheat outperformed KC and Chicago due to relatively stronger export demand.

See who has received RAIN so far today by visiting the KY Mesonet – CLICK HERE. Murray has received 1.5 inches.

Cattle futures closed mostly lower, pressured by profit-taking following last Friday’s strong price action where futures “gapped higher”. Last week’s cash cattle averaged $111.05/cwt, but some late sales went reportedly $113-115 in the South.  Choice beef closed up .36 at 188.00 and Select gained 1.45 to 172.75. Feeder Cattle futures didn’t drop as much as Live Cattle and the FC charts maintained their upward gaps.

Lean Hog futures rallied for less than an hour after opening at 830 am CT, then weakened and sold off sharply in the final 15 minutes of trading. Technically, this price action charted bearish key reversals. The sell-off occurred despite a very strong midday pork market. At midday, FOB Plant Pork was up a huge 3.57/cwt to 77.60.  However, FOB Plant closed only .78 higher at 74.81.

KFB Annual Meeting begins Wednesday.    See the Program by clicking here.

 

Corn Dec -1 348 (347-53); May unch 365

Bean Jan +10 1056 (1042-65); May +10 1070

  Meal +5 326

  Oil +5 3671

Wheat Dec -6 389; Jly -4 446 (445-51)

  KC unch 411; MGE +7 541

Oats -7 202

Rice -4 958

 

LC Dec -145 10930; Apr -77 11080; Jun -22 10185

FC Jan -42 12680; Apr -5 12270; Aug +55 12285

LH Dec -62 5042; Feb -92 5582; Jun -77 7370

Milk Dec +10 1696; Jan +16 1637

US$ -.2%

Dow -54 19098

SP -12 2202

NAS -30 5369

Tran -82 8962

  VIX +.81 13.15  +6.5%

 

WTI +84 4690

Brent +77 4801

Gas +4 141

NG +11 319

HO +4 151

Eth +1 162

Gold +15 1193

Slvr +10 1657

 

2-yr -.032 1.103%

5-yr -.056 1.791%

10yr -.058 2.312%

30yr -.043 2.975%

Kentucky Weekly Livestock Summary for the week of Nov 21-26, 2016.
Receipts 
This Week            Last Week         Last Year
  7,619                27,494            4,365

Compared to last week steer calves sold mostly steady to 3.00 higher and heifer calves were mostly steady to 4.00 higher.  Demand was moderate to good for an average to good quality offering.  Yearlings were not tested.  Slaughter cows sold mostly 1.00 to 3.00 higher and slaughter bull mostly steady to 3.00 higher with good supply and moderate to good demand. Many sales were closed this week due to the Thanksgiving holiday.

Kentucky Farm Bureau Minute video  - Click Here

KENTUCKY CASH GRAIN PRICES – Click Here

KENTUCKY LIVESTOCK AUCTIONS --  Click Here