Market Closes - October 9, 2012
Posted on Oct 9, 2012The USDA Crop Report comes out Thursday at 830 am ET. The average guesses are: Corn, 122.7 bu/acre = 15.60 billion bushels, 12/13 ending stocks = 645 million; Soybeans, 37.0 bu/acre = 2.77 billion bushels, 12/13 ending stocks = 134 million.
Live Cattle futures closed higher as traders expect the cash market to strengthen this week. Boxed Beef values increased: Choice UP 0.63 at 191.20; Select UP 0.87 at 177.29.
Pork cutout jumped $1.40 to 85.69/cwt. Corn Dec unch 742 (740-748.5); Mar unch 742; Dec’13 +3 628
Bean Nov -1 1550 (1547-1574); Mar +2 1504; Nov’13 +10.5 1338 Meal steady 478 Oil +34 5082
Wheat Dec +3 864; Jly +2 843 KC +6 889; MGE +3.5 928
LC Oct +135 12470; Dec +32 12672; Apr +47 13352
FC Oct -12 14470; Nov +40 14670; Jan +17 14932
LH Oct +42 8190; Dec -7 7680; Apr +87 8812
Milk Oct -6 2099; Nov -20 2089
Oats +7.5 378
Rice -13.5 1523
US$ +.5%
Dow -110 13474
SP -14 1441
NAS -47 3065
Tran -57 5000
VIX +1.26 16.37
WTI +291 9224
Brent +272 11454
Gas +8 297
NG +7 347
HO +6 320
Eth +2 239
Gold -9 1764
Slvr -8 3393
2-yr unch 0.262% 5-yr -.014 0.662% 10yr -.030 1.713% 30yr -.044 2.926%
Blue Grass Stockyards Cattle Report for 10/09/2012 Close Receipts: 1,402 Last Tuesday: 1,278 Year Ago: 1,809
Compared to Monday, steer and heifer calves sold about steady with moderate demand. Yearling steers sold steady to 1.00 higher with good demand. Yearling heifers not fully established. Slaughter cows and slaughter bulls sold steady with good demand. Total supply included 05% slaughter cows, 01% slaughter bulls, less than 01% replacements and 94% feeders. Feeder supply 51% steers, 15% bulls, 34% heifers with 54% of feeders weighing over 600 lbs.
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Blue Grass Stockyards Cattle Auction Report for 10/08/2012 Receipts: 1,644 Last Monday: 1,220 Year Ago: 1,624
Compared to last week, steer calves sold about steady, 600-700 lbs sold weak with moderate demand; featherweight calves under 400 lbs 10.00 lower with very light demand. Heifer calves sold steady to 2.00 lower on 400-500 lbs with moderate demand. Yearling steers sold steady with good demand. Yearling heifers light test and not fully established.Slaughter cows sold steady to 1.00 higher with moderate demand. Slaughter bulls sold steady with good demand.
Total supply included 10% slaughter cows, 01% slaughter bulls, 01% replacements and 88% feeders. Feeder supply 44% steers, 25% bulls, 31% heifers with 41% of feeders weighing over 600 lbs.
Tagged Post Topics Include: Economics, Market updates
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