Market Update - April 7, 2014
Posted on Apr 7, 2014Cattle futures are mostly lower in follow-through selling from Friday’s sharp drop in futures and in boxed beef values ($3-4/cwt). Friday’s limit-down moves in Lean Hog futures was also a negative factor.
Lean Hog futures are trading mixed today. Buying is coming from higher midday pork values and bargain hunting after LH futures suffered huge losses last week.
US equities are moving lower as traders fear the beginning of earnings report this week will prove disappointing. Thus, money is moving into “safer” investments such as Treasuries so rates are weakening. The Russia/Ukraine situation may be heating up again.
Corn May -6 495; Jly -6 501; Dec -6 501 Bean May -11 1462; Jly -10 1445; Nov -6 1202 Meal May -4 475; Oct -2 380 Oil -35 4122 Wheat May -3 667; Jly -3 674 KC Jly -1 737; MGE -2 719 Oats +7 418 Rice -10 1566
LC Apr -35 14270; Jun -15 13465; Oct +2 13692 FC Apr -37 17732; May -47 17805; Aug -40 17982 LH Apr +42 12357; Jun -20 12035; Oct +15 10130 Milk Apr +13 2407; May -45 2151
US$ -.3%
Dow -.8% SP -.8% NAS -1% Tran -1.2% VIX +11.2% 15.52
WTI -.7% Brent -1% Gas -.5% NG +1.2% HO -.7% Eth +.1%
Gold -.5% Slvr -.5%
5-yr -.04 1.66% 10yr -.04 2.68% 30yr -.04 3.55%
KENTUCKY CASH GRAIN PRICES – Click Here
KENTUCKY LIVESTOCK AUCTIONS -- Click Here
Tagged Post Topics Include: Economics, Market updates
Comments