Market Closes - September 22, 2015
Posted on Sep 22, 2015Cattle futures closed lower except for the expiring September FC contract(on Thursday). The overall bearishness in financials, energy and a stronger US Dollar weighed on the market. The boxed beef market collapsed during the afternoon, so October LC futures fell another dollar/cwt by late day. Choice beef down 2.77 at 222.77; Select down 3.36 at 216.79
Lean Hog futures closed lower, reversing Monday’s push to new highs. The losses in the cattle pit and the higher US Dollar weighed on the market. FOB Plant Pork dropped .18 to 83.50 compared to -.74 at midday; weaker belly and loin values offset gains in butt, rib and ham prices. The Quarterly Hogs & Pigs Report comes out Friday afternoon.
Corn Dec -4 380; Jly -4 405; Dec16 -5 405 Bean Nov -12 862; Jly -10 879; Nov16 -10 868 Meal -5 305 Oil -37 2613 Wheat Dec -1 495; Jly -1 511 KC -2 488; MGE -1 517 Oats -5 226 Rice -6 1274
LC Oct -77 13622; Feb -100 13935; Apr -85 13815 FC Sep +100 19570; Oct -80 18687; Jan -122 17802 LH Oct -62 7100; Dec -22 6475; Feb unch 6922 Milk Oct +4 1554; Nov +12 1558
US$ +.4% Dow -180 16330 SP -24 1943 NAS -72 4757 Tran -203 7896 VIX +2.30 22.44 +11.4%
WTI -39 4657 Brent +29 4921 Gas +1 142 NG unch 258 HO +2 154 Eth unch 156 Gold -9 1124 Slvr -49 1473
2-yr -.036 0.678% 5-yr -.071 1.429% 10yr -.082 2.132% 30yr -.092 2.943%
Tagged Post Topics Include: Economics, Market updates
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