Market Update - January 16, 2013
Posted on Jan 16, 2013Cattle futures are trading lower as there’s no sign that beef demand/price will improve this week. February is trading at a premium to cash cattle price.
The Lean Hog futures pit is trading mixed with a lack of cash market direction.
Corn Mar -5 725 (724.5-735); Jly -4 717; Dec -1 588
Bean Mar +10 1424 (1412-1434); Jly +10 1403; Nov +7 1290 Meal Mar +3 415; Oct +2 364 Oil +21 5108
Wheat Mar -4.5 778; Jly -4 790 (789-802) KC -3 835; MGE -1 865
LC Feb -77 12965; Apr -52 13390; Oct -50 13287 FC Jan -25 14807; Apr -37 15192; Aug -30 15960 LH Feb +10 8535; Apr +5 8765; Jly -17 9642 Milk Jan -3 1808; Feb -5 1760
Oats -1 355
Rice -2 1504
US$ steady
Dow -.2% SP unch NAS +.2% Tran +.1% VIX -2.4% 13.22
WTI +1% Brent +.1% Gas +.8% NG -1.6% HO +.3% Eth -.4%
Gold -.2% Slvr -.3%
5-yr -.023 0.745% 10yr -.032 1.830% 30yr -.037 3.023%
Tagged Post Topics Include: Economics, Market updates
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