Market Closes - November 29, 2012

Posted on Nov 29, 2012
  CBOT highs were set in the first 30 minutes of trading after the pits opened. Futures then generally sold off, setting lows midday before recovering some. The December Corn contract hit daily lows on the 2pm close.

  Disappointing export sales across the board weighed on prices today even as the other fundamentals remained mostly unchanged. 

  Cattle futures were supported by the positive US economic reports and the higher equity markets.

Corn Dec -9 751.5 (751-763); Mar -5 759; Dec’13 -3.5 636 (635-642)

Bean Jan +2 1448 (1441-1460); Mar +6 1441; Nov +4 1309   Meal Dec +3 443;  Oct +3 373   Oil -34 4977

Wheat Dec -7 869; Jly -1 886.5   KC -1 917;  MGE -7.5 931

LC Dec +37 12820; Apr +55 13590; Aug +57 13115

FC Jan +67 14675; Apr +37 15092; Aug +30 15665

LH Dec -12 8370; Feb -45 8712; Jun +20 10127

Milk NOV +3 2080; Dec -9 1906; Jan +3 2080

Oats -10 361

Rice -8 1511

US$ -.1%

Dow +37 13022

SP +6 1416

NAS +20 3012

Tran +30 5145

VIX -.45 15.06

WTI +129 8778

Brent +97 11048

Gas +3.5 272

NG -15 365

HO +3.5 305.5

Eth -2 242

Gold +10 1726

Slvr +58 3426

2-yr -.008 0.258% 5-yr -.005 0.628% 10yr -.019 1.615% 30yr -.011 2.792% 

Blue Grass Stockyards Cattle Weekly Summary Report for the week ending 11/28/12 Receipts:   3,516   Last Week:  2,572   Year Ago:   1,850   ***Total receipts include 347 head sold in special cow sale Wed. night.

   Compared to last week steer and heifer calves sold steady to 5.00 higher with good demand.  Yearling steers and yearling heifers sold steady to 2.00 higher with good demand.  Slaughter cows and slaughter bulls sold about steady with light to moderate demand.    Total supply included 07% slaughter cows, 02% slaughter bulls, 09% replacements and 82% feeders.  Feeder supply 43% steers, 22% bulls, 35% heifers with 57% of feeders weighing over 600 lbs.

 

Tagged Post Topics Include: Economics, Market updates