Market Closes - September 15, 2014
Posted on Sep 15, 2014Corn Conditions – 18 States . Good/Excellent Poor/V.Poor This Week 74% 7% Last Week 74% 7% Last year 53% 18%
In MATURE stage: 27% vs 39% average HARVESTED: 4% vs 9% average
Soybean Conditions – 18 States . Good/Excellent Poor/V.Poor This Week 72% 6% Last Week 72% 6% Last year 50% 18%
Setting Dropping Leaves: 24% vs 32% average
SPRING Wheat Harvested – 6 States 74% this week versus 89% last year and 86% for 5-year average.
U.S. Pasture: 50% good/excellent vs 48% last week and 34% year ago. 19% poor/v.poor vs 20% last week and 37% year ago.
Cattle futures closed little changed after testing both sides of unchanged. The October LC contract remains at a $4-5/cwt discount to last week’s cash trade of $161. Boxed beef slipped today with Choice carcasses down 0.91 at 249.02 and Select down 1.26 at 233.28/cwt. Feeder cattle futures remain relatively close to contract highs.
Lean Hog futures closed mixed with the nearby October LH contract lifted by a huge pop in wholesale pork values -- FOB Plant Pork up 2.28 to 108.85 on a strong Loin market.
Corn Dec +4 343; May +4 363; Dec’15 +4 389 Bean Nov +4 989; May +6 1011; Nov’15 +3 998 Meal Oct unch 339; May -1 323 Oil +72 3327 Wheat Dec -2 501; Jly -1 538 KC -7 586; MGE -9 568 Oats +6 354 Rice -2 1276
LC Oct +7 15635; Feb +12 15970; Apr +30 15785 FC Sep -22 22925; Oct -7 22585; Mar unch 21727 LH Oct +37 10607; Dec -45 9585; Apr +45 9260 Milk Oct +44 2379; Nov +34 2101
US$ +.1% 84.23
Dow +44 17031 SP -1 1984 NAS -49 4519 Tran -31 8521 VIX +.81 14.12
WTI +54 9281 Brent -46 9665 Gas +1 253 NG +8 393 HO unch 274 Eth +1 182 Gold +2 1233 Slvr +6 1866
2-yr -.020 0.544% 5-yr -.029 1.790% 10yr -.023 2.591% 30yr -.009 3.342%
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Tagged Post Topics Include: Economics, Market updates
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