Market Closes - September 1, 2021

Posted on Sep 1, 2021

Corn Dec -11 523 (518-36); Mar -11 532; Dec22 -3 504

Beans Nov -15 1278 (1270-96); Jan -13 1287; Nov22 -10 1253

  Meal Oct -2 341; Dec -2 343

  Oil Oct -78 5811; Dec -81 5794

Wheat Dec -8 714 (709-29); Jly -7 717

  KC Dec -8 704; MGE -5 899

Oats -2 500

Rice -14 1324

 

LC Oct +67 12757; Dec +12 13360; Feb +15 13790

FC Sep -7 16292; Oct +30 16805; Jan +112 17010

LH Oct +135 9015; Dec +52 8247; Feb +25 8365

Milk Sep -10 1665; Oct +5 1695

CBOT futures closed markedly lower again today as the funds continue selling amid favorable weather and hurricane-delayed export activity at the US Gulf.

Cattle futures closed mostly higher with feeders benefitting from falling corn prices. However, the boxed beef market has been weakening too. Choice beef fell 3.66 to 338.45 and Select lost 4.46 to 307.57. Cash trade has been light at an average price of  $124/cwt live and $203/cwt dressed.

Lean hog futures closed mostly higher led by the nearby October contract. LH found some support from firm cash hog prices even as pork cutouts fell. FOB Plant Pork closed down 2.47 at 106.54. Loin value dropped 9%; ribs were down 11% and ham value fell over 5%.

US$ -.2% 92.50

Dow -48 35313

SP +1 4524

NAS +50 15309

Tran +90 14752

  VIX -.37  16.11

 

WTI -26 6824

Brent -35 7128

Gas -3 211

NG +26 464

HO -1 212

Eth unch 221

Gold -2 1816

Slvr +19 2419

 

2-yr unch 0.209%

5-yr +.005 0.776%

10yr -.003 1.299%

30yr -.010 1.917%

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