Market Update - April 22, 2014
Posted on Apr 22, 2014Cattle futures are up strongly on renewed optimism for cash cattle price this week. At midday, boxed beef values are adding to Monday’s strong gains – Choice is up 2.26 and Select is up 1.23.
Lean hog futures are higher except for the nearby May contract. Big gains in the cattle pit may be lifting hogs. Today, FOB Plant Pork is down .84 to 118.58/cwt; ham values are falling with ribs and picnic values firming.
Corn May +5 494; Jul +5 499; Dec +5 495 (489-95) Bean May -13 1486; Jly -10 1477; Nov -7 1216 (1208-31) Meal May -3 482; Oct -2 381 Oil -27 4273 Wheat May +1 669; Jly unch 676 (669-81) KC +1 743; MGE +1 721 Oats -2 393 Rice -1 1518
LC Apr +45 14390; Jun +85 13540; Oct +97 13830 FC May +72 17882; Aug +75 18265; Oct +90 18265 LH May -30 12050; Jun +97 12332; Oct +130 9990 Milk May +6 2190; June -1 2000
US$ -.05%
Dow +.6% SP +.5% NAS +1% Tran +.6% VIX -2.4% 12.93
WTI -1.8% Brent -1% Gas -.5% NG +.7% HO -.8% Eth +.7%
Gold -.6% Slvr +.1%
5-yr +.01 1.73% 10yr unch 2.72% 30yr -.01 3.52%
Glasgow, KY Farmers Livestock Market Weighted Average Report for 04/21/2014 Receipts: 1314 Last Week: 1569 Year Ago: 2064
Compared to last week: Steers and heifers sold 2.00 higher. Supply consisted of 16 percent over 600 LBS, 46 percent heifers. Slaughter cows and bulls sold 2.00 higher. BLUEGRASS SOUTH Stanford,KY "CATTLE WEIGHED AT TIME OF SALE" Weighted Average Report for 04/21/2014
Receipts: 833 Last Week: 818 Year Ago: 1205 "TOTAL FOR TODAY INCLUDES COW SALE FRI 358 HD "
COMPARED TO LAST MONDAY:FEEDER STEERS STEADY TO 2.00 HIGHER, FEEDER HEIFERS 1.00-3.00 HIGHER,VERY GOOD DEMAND ON AN A GOOD TO ATTRACTIVE OFFERING, SUPPLY INCLUDED 37 PERCENT OVER 600 LBS AND 25 PERCENT HEIFERS, SLAUGHTER COWS AND BULLS MOSTLY STEADY,GOOD DEMAND.
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Tagged Post Topics Include: Economics, Market updates
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