Market Update - December 3, 2012
Posted on Dec 3, 2012A weaker US dollar is supportive to commodity futures. But this is leading to higher Treasury rates.
Cattle futures are trading lower after cash cattle traded $2-3/cwt lower on Friday. The Choice cutout value dropped $1/cwt.
In contrast, the cash hog market traded higher Friday and that’s boosting Lean Hog futures today. Demand for Christmas hams is supportive.
Corn Dec +2 750; Mar +2 755; Dec’13 +3.5 639
Bean Jan +17 1456; Mar +17 1449; Nov +13 1318 Meal Dec +3 445; Oct +3 373 Oil +83 5024
Wheat Dec +3 848; Jly +3 874 KC +2 900; MGE +6 924
LC Dec -45 12627; Apr -27 13430 FC Jan -52 14510; Apr -37 14955; Aug -42 15557
LH Dec +87 8495; Apr +30 9207
Milk Dec -2 1872; Jan -3 1876
Oats +5 365
Rice +7 1534
US$ -.4%
Dow -.1%
SP steady
NAS +.1%
Tran -.8%
VIX +1.6% 16.12
WTI +.3%
Brent -.2%
Gas -.1%
NG +1.6%
HO -.1%
Eth +.6%
Gold +.4%
Slvr +1.5%
5-yr +.016 0.631% 10yr +.025 1.633% 30yr +.028 2.823%
Tagged Post Topics Include: Economics, Market updates
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