CBOT futures are trading mixed with prices off the day's highs. Factors impacting the markets are mixed as well.  A weaker dollar is offset by general economic concerns related to the US fiscal cliff problem and lower energy and metal futures.   South American weather may be a problem in Argentina, but is improving in Brazil. Weak US corn and wheat exports are balanced against very bad wheat conditions in the Plains and little sign of rainfall.  The eastern Corn Belt and especially the Ohio Valley should be wetter than normal over the next two weeks.

  Cattle futures are trading lower and near the day's lows.  Weakness in the cash fed market last week and this week's economic worries are pressuring futures.  

  Lean Hog futures are lower except for the nearby December contract which is supported by firmer cash hog prices Monday.

 Corn Mar -3 752; Jly -1 746; Dec unch 640

Bean Jan -8 1446; Mar -9 1439; Nov -12 1305 Meal Jan unch 438; Oct unch 373   Oil -61 4929

Wheat Mar -5 856; Jly -4 865   KC -5 902; MGE -3 929

LC Dec -75 12625; Apr -70 13415

FC Jan -10 14550; Apr -15 14967; Aug -42 15617

LH Dec +37 8430; Feb -5 8562; Jun -52 10037

Milk Dec -13 1845; Jan -28 1833

Oats -1 383

Rice +9 1546

US$ -.3%

Dow steady

SP -.3%

NAS -.6%

Tran unch

VIX +1.5% 16.90

WTI -1%

Brent -1.3%

Gas -1.5%

NG -1%

HO -1.6%

Eth -.1%

Gold -1.3%

Slvr -2.1%

5-yr +.003 0.628% 10yr +.002 1.623% 30yr +.004 2.794% 

KENTUCKY FARM BUREAU ANNUAL MEETING DECEMBER 5-8, 2012 GALT HOUSE HOTEL LOUISVILLE, KY

View the program at: KFBF Agenda.pdf

Blue Grass Stockyards Cattle Auction Report for 13/03/2012 Receipts:  2,187   Last Monday:  1,892   Year Ago:  2,613

   Compared to last week, steer calves sold steady with good demand. Heifer calves sold about steady except 500-600 lbs steady to 2.00 lower with moderate demand. Yearling steers sold steady to firm with good demand.  Yearling heifers sold steady in a limited comparison. Slaughter cows and slaughter bulls sold steady with light to moderate demand. 

   Total supply included 09% slaughter cows, 01% slaughter bulls, less than 01% replacements and 90% feeders.  Feeder supply 35% steers, 28% bulls, 37% heifers with 47% of feeders weighing over 600 lbs.