Market Update - February 3, 2014
Posted on Feb 3, 2014Livestock futures are sharply lower in the early-2014 contracts as beef and pork values slide. The sharp selloff in US equity prices also adds concern for meat demand if the US economy is weakening. The VIX Index is up sharply indicating more “fear” by investors that values could change abruptly. Treasury yields are lower as money seeks the “safety” of US treasuries.
Corn Mar +3 437; Jly +4 448; Dec +4 454 (449-55) Bean Mar +12 1295; Jly +12 1264; Nov +4 1109 (1099-1113) Meal mar +8 434; Oct +3 350 Oil -12 3752 Wheat Mar +4 560; Jly +4 566 (560-68) KC +5 620; MGE +3 607 Oats +8 413 Rice -3 1536
LC Feb -147 14020; Apr -135 13907; Oct -55 13272 FC Mar -147 16795; Apr -137 16830; Aug -107 17027 LH Feb -125 8497; Apr -167 9312; Jun -102 10380 Milk Feb -17 2294; Mar -48 2099
US$ -.25%
Dow -1.5% 15466 SP -1.6% NAS -1.8% Tran -2.5% VIX +10% 20.27
WTI -.8% Brent -.2% Gas -.4% NG -.8% HO +.5% Eth +2.4%
Gold +1.7% Slvr +1.2%
5-yr -.04 1.45% 10yr -.04 2.61% 30yr -.04 3.56%
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Tagged Post Topics Include: Economics, Market updates
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