CBOT futures closed mixed with minimal changes as traders prepared for tomorrow’s USDA crop reports.  The average trade guesses show yields, production and 2017/18 carryouts should be lower than last month’s forecasts. Generally speaking, grain and soybean supplies are plentiful and the speculative funds are reportedly short corn, wheat and soybean futures. A stronger US Dollar today weighed on the market.

Cattle futures closed mostly higher with little news to move the market.  Last week, the average cash fed steer priced at $104.66/cwt.  In boxed beef, Choice down 0.32 at 191.56; Select carcasses up 0.41 at 190.38.

Lean Hog futures closed lower on trade expectations for weaker cash markets. FOB Plant Pork dropped only .04 to 82.08, but this is sharply lower than the midday quote of 83.56.
 

Corn Dec +1 357; Mar +1 370

Bean Nov -2 960; Jan -2 970; Mar -2 978

  Meal Oct -2 300

  Oil Oct +20 3488

Wheat Dec -3 435; Jly -3 483

   KC -7 435; MGE -4 642

Oats +2 234

Rice -6 1265

 

LC Oct -12 10720; Feb -7 11655

FC Sep +57 14845; Nov +107 14930

LH Oct -57 6157; Dec -27 5862

Milk Sep -6 1622; Oct -22 1580

US$ +.7%

Dow +260 22057

SP +27 2488 – New Record High Close

NAS +72 6432

Tran +100 9484

  VIX  -1.39  10.73

 

WTI +59 4807

Brent +10 5388

Gas -1 163

NG +6 295

HO -2 174

Eth +1 154

Gold -15

Slvr -22 1781

 

2-yr +.045 1.319%

5-yr +.071 1.712%

10yr +.071 2.132%

30yr +.065 2.745%

 

KY Dept of Ag Market News
Kentucky Weekly Livestock Summary for the week of Sep 4-9, 2017                                                                                                                      

Receipts: 10,940       Last Week 15,268       Last Year 7,770           

Compared to last week, steer and heifer calves were mixed.  Trading began mostly steady to 2.00 higher, but, weakening as the week progressed finishing mostly steady to 2.00 lower. Demand was moderate to good.  Yearling steers and heifers sold mostly steady on a light test.  Slaughter cows and bulls sold steady to 2.00 lower with good supply and moderate to good demand.

  In the feeder supply, steers made up approximately 41 percent and heifers approximately 38 percent. Feeder cattle over 600 lbs totaled approximately 42 percent.

Kentucky Farm Bureau Minute video  - Click Here

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