Market Closes - October 7, 2020 - Kentucky Farm Bureau

Market Closes - October 7, 2020

Posted on Oct 7, 2020

Corn Dec +4 389 (384-92); Mar +3 397; Dec21 unch 395

Bean Nov +7 1051 (1037-60); Mar -3 1032; Nov21 -6 966

  Meal Oct +7 361 (354-61)

  Oil +2 3331

Wheat Dec +15 607; Jly +9 605 (593-609)

  KC +10 544; MGE +11 549

Oats +3 294

Rice +3 1266

 

LC Oct +97 11017; Dec +115 11310; Feb +57 11592

FC Oct +37 13850; Jan +17 13632; Mar +5 13605

LH Oct +55 7687; Dec +70 6457; Feb +17 6912

Milk Oct +3 2057; Nov -19 1940

CBOT futures closed mostly higher as many corn, bean and wheat contracts traded new highs. Market support continues to come from export sales optimism and unfavorable moisture in South America and key wheat areas. Russia plans to set export quotas for Jan-June 2021.

Cattle futures closed higher with live cattle supported by higher cash prices and firm boxed beef. Choice beef edge up .64 to 216.88 and Select beef dropped 1.26 to 205.58. Cash trade has been light with dressed sales at $169/cwt, up $1.00 from last week. A few cattle sold at $108.50/cwt on the online Fed Cattle Exchange.

Lean hog futures closed higher, supported by higher pork cutouts and LH futures discount to the cash market. FOB Plant Pork ended up 2.63 at 95.18 on an 11.75 gain in the ham value to 79.09. Ham value is very volatile from day to day.

US$ -.2% 9364

Dow +531 28303

SP +58 3419

NAS +210 11365

Tran +291 11690

  VIX -1.42 28.06

 

WTI -63 4030

Brent -54 4211

Gas -3 120

NG +7 259

HO -3 116

Eth unch 138

Gold -17 1891

Slvr -2 2390

 

2-yr +.006 0.153%

5-yr +.025 0.340%

10yr +.043 0.783%

30yr +.044 1.581%

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