Market Closes - October 5, 2012
Posted on Oct 5, 2012Live Cattle futures managed small gains, ending up in the middle of this week’s trading range. Cash cattle traded around a dollar/cwt higher. Feeder cattle futures rallied on the weaker corn prices. Boxed beef values lost 1.36-1.45 today.
Lean Hog futures closed mixed with the nearby October down on profit-taking after gaining more than $4.00 this week.
Outside markets were generally bearish today with energy and precious metal futures moving lower. Equities gained on a friendly U.S. unemployment report, and Treasury rates rose in “risk on” trade.
Corn Dec -9 748; Mar -9 748.5; Dec’13 -3.5 624
Bean Nov unch 1551.5; Mar -5.5 1513; Nov’13 -13 1321.5 Meal Oct +4 475; May -3 426 Oil -24 5076
Wheat Dec -12 857.5; Jly -3.5 840 KC -8 879; MGE -7 919
LC Oct +72 12305; Dec +50 12620; Apr -17 13317
FC Oct +35 14482; Nov +37 14620; Jan +50 14900
LH Oct -47 8132; Dec +50 7655; Apr -27 8780
Milk Oct -16 2090; Nov -27 2099
Oats -3 367
Rice -26 1511
US$ unch
Dow +35 13610
SP steady 1461
NAS -13 3136
Tran +34 5046
VIX -.22 14.33
WTI -173 8998
Brent -54 11204
Gas +1 295
NG -1 340
HO -3 316
Eth +2 239
Gold -12 1782
Slvr -53 3457
2-yr +.016 0.262% 5-yr +.073 0.676% 10yr +.070 1.743% 30yr +.082 2.970%
Kentucky Weekly Livestock Summary for September 28-October 4, 2012 Receipts This Week Last Week Last Year 22,745 23,427 23,029
Supply: Slaughter Cows 10 percent; Slaughter Bulls 3 percent; Feeder cattle 85 percent. In the feeder supply, Steers made up approximately 36 percent and Heifers approximately 34 percent. Steers and Heifers over 600 lbs totaled approximately 48 percent. Replacement cattle 2 percent.
Compared to last week: Feeder Steers and Heifers ended the week uneven, but generally 1.00 to 3.00 lower; Steer Calves sold 3.00 to 5.00 lower; and Heifer Calves 1.00 lower. Demand moderate to good.
Slaughter cows mostly steady; and Slaughter Bulls 2.00 lower on a light test.
Tagged Post Topics Include: Economics, Market updates
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