Market Update - April 18, 2013
Posted on Apr 18, 2013Cattle futures are little changed at this writing, with prices about mid-range for the day. Although boxed beef values firmed up yesterday, the weak economic data this morning is limiting buying. The Conference Board’s “Index of U.S. Leading Indicators” fell 0.1 percent compared to expectations of a 0.1 percent gain. The Index had risen 0.5 percent the two previous months.
Corn May -12 648.5; Jly -9 632; Dec -4 543 Bean May +5 1427; Jly +6 1386; Nov unch 1218 Meal May +6 413; Oct +1339 Oil +30 4969 Wheat May -4 700; Jly -4 703; Dec -3 724.5 KC Jly -1 746; MGE unch 799 Oats +4 382 Rice -11 1542
LC Apr -32 12655; Jun -10 12172; Oct +10 12555 FC Apr -127 13525; May -17 14072; Aug unch 14750 LH May -10 8802; Jly +47 9107; Oct +7 8122 Milk Apr -4 1762; May -4 1925
US$ -.2% Dow -.4% SP -.5% NAS -.9% Tran unch VIX +4.5% 17.25
WTI +.6% Brent +.9% Gas unch NG +4.1% HO +.8% Eth -.1%
Gold +.8% Slvr unch
5-yr unch 0.69% 10yr -.01 1.69% 30yr -.01 2.87%
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Blue Grass Stockyards Cattle Weekly Summary Report for the week ending 04/16/13 Receipts: 3,445 Last Week: 5,431 Year Ago: 2,937
Compared to last week steer and heifer calves sold 3.00 to 8.00 lower with light demand except lightweight steers 10.00 lower and lightweight heifers 10.00 to 20.00 lower with light to very light demand. Yearling steers steady to 2.00 lower and yearling heifers sold 1.00 to 3.00 lower with moderate demand. Slaughter cows sold 1.0 to 3.00 lower with light to moderate demand. Slaughter bulls sold steady to 1.00 lower with moderate demand. Total supply included 07% slaughter cows, 01% slaughter bulls, less than 01% replacements and 91% feeders. Feeder supply 42% steers, 18% bulls, 40% heifers with 53% of feeders weighing over 600 lbs.
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Tagged Post Topics Include: Economics, Market updates
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