CBOT futures closed little changed but near the day’s lows. Futures moved higher overnight, but moved lower before mid-morning with soybean futures leading the market lower as it erased 8-cent gains. Traders were disappointed by a lack of daily export sales reports. A positive sign is November Soybeans holding above the key 200-day moving average @ 9.75.

Cattle futures closed mostly higher but the October and December Live Cattle contracts ended in the red and near the day’s lows. Futures headed higher after the opening bell on follow-through buying from Tuesday’s sharp gains. But the rally failed within an hour and futures were weaker the balance of the day on profit-taking. Traders need to see a stronger cash cattle market to support more buying. Choice up 0.08 at 200.21; Select down 0.30 at 192.39.

Lean Hogs closed higher after a lower opening. Futures were supported by higher cash hog prices and the bullish momentum from Tuesday’s stronger markets.  FOB Plant Pork dropped .11 to 76.35.  Bellies dropped 3.5% and Loins rose 3%. 

Corn Dec -2 351 (350-55); Mar -1 365

Bean Nov unch 975 (975-83); Mar +1 997

   Meal +1 315

   Oil -8 3426

Wheat Dec -2 435; Jly -1 481 (479-86)

   KC unch 433; MGE +2 621

Oats -1 276

Rice +6 1166

 

LC Oct -60 11302; Feb +20 12472; Apr +15 12440

FC Oct -27 15485; Jan +60 15560; Apr +60 15242

LH Dec +45 6447; Feb +95 6960; Apr +32 7367

Milk Nov +23 1618; Dec +13 1576

US$ -.3%

Dow -112 23329

SP -12 2557

NAS -35 6564

Tran -161 9790

  VIX +.07 11.23

 

WTI -29 5218

Brent +10 5843

Gas +2 173

NG -5 292

HO unch 182

Eth -2 140

Gold +1 1279

Slvr -4 1692

 

2-yr +.026 1.603%

5-yr +.024 2.051%

10yr +.029 2.435%

30yr +.023 2.946%

Lexington Auction (Tues)

Weighted Average Report for 10/24/2017

Receipts:  1116    Last Week:  639    Year Ago:  809

      Compared to last Tuesday steer calves sold mostly steady with moderate demand; yearlings 1.00 higher with good demand.  Heifer calves sold mostly steady with moderate demand except 500-700 lbs 2.00 higher with good demand.  Quality was average through good.  Slaughter cows sold 1.00 lower and slaughter bulls sold 4.00 lower with light demand.

Kentucky Farm Bureau Minute video  - Click Here

KENTUCKY CASH GRAIN PRICES – Click Here

KENTUCKY LIVESTOCK AUCTIONS --  Click Here