Market Update - January 25, 2013
Posted on Jan 25, 2013A weak US dollar is broadly supportive. Note that US treasury rates popped higher today, a trend that started late Thursday.
February Live Cattle futures are up strongly on strength that started with news that packers had paid up for fed cattle. However, boxed beef values need to move higher for sustained market strength.
Corn Mar -4.5 720; Jly -3 712; Dec -1 584
Bean Mar -3 1432; Jly -5 1412; Nov -4 1301 Meal Mar -2 413; Oct -1 363 OIL -3 5208
Wheat Mar +6 775; Jly +5 787 KC +7 829; MGE +9 864
LC Feb +82 12670; Oct -5 13202 FC Jan +40 14500; Apr +42 15160 LH Feb -25 8680; Jly -50 9690 Milk Jan -1 1811; Feb -5 1707
US$ -.2%
Dow +.3%
SP +.3%
NAS +.3%
Tran -.3%
VIX +1.3% 12.85
WTI -.2%
Gas +.3%
NG -.5%
HO -.7%
Eth -.2%
Gold -.5%
Slvr -1.2%
5-yr +.051 0.821% 10yr +.063 1.915% 30yr +.061 3.102%
CHICKEN WINGS IN SEASON Super Bowl weekend is unquestionably the biggest time of the year for wings. According to the National Chicken Council’s 2013 Wing Report, more than 1.23 billion wing portions will be consumed during Super Bowl weekend in 2013. To put that into perspective, if 1.23 billion wing segments were laid end to end, they would stretch from Candlestick Park in San Francisco to M&T Bank Stadium in Baltimore… 27 times.
View the National Chicken Council’s report at http://www.nationalchickencouncil.org/americans-to-eat-1-23-billion-chicken-wings-super-bowl-weekend/
Tagged Post Topics Include: Economics, Market updates
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