Market Update - January 29, 2015
Posted on Jan 29, 2015Cattle futures are trading mostly higher, adding to the gains posted the past two days. Cattle and hog futures appear to be establishing a bottom or at least pausing to see if the cash markets can stabilize. But at midday both beef and pork are weaker, so futures are working lower. Choice Beef down 1.88 to 245.41 and Select down 1.00 to 239.34. FOB Plant Pork is down 1.69 at midday on 6-cent losses in values of ribs and bellies.
Corn Mar -5 368; Jly -5 384; Dec -5 399 Bean Mar -1 969; Jly -2 980; Nov -6 952 Meal +2 339 Oil – 82 2952 Wheat Mar +4 509; Jly +3 519 KC +9 545; MGE +8 563 Oats -6 282 Rice +17 1090
LC Feb +65 15460; Apr +20 15170; Oct -37 14727 FC mar +30 20465; Aug -2 20755 LH Feb -187 6965; Apr -165 7330; Jun -100 8357 Milk Feb +60 1594; Mar +75 1546
US$ +.2%
Dow +.4% SP steady NAS -.2% Tran -.2% VIX -1.3% 20.17
WTI -1.4% Brent steady Gas -.6% NG -5.5% HO -.6% Eth -.6% Gold -2.5% Slvr -7.3%
5-yr +.029 1.273% 10yr +.028 1.756% 30yr +.022 2.319%
Blue Grass Stockyards Cattle Weekly Summary Report for the week ending 01/28/15 Receipts: 1564 Last Week: 3356 Year Ago: 923 **Total receipts include 348 head sold in cow sale Wed. night. Compared to last week steer and heifer calves sold 5.00 to 15.00 lower with light demand on a plain through average quality offering. Yearling steers and heifers sold 10.00 to 15.00 lower with light demand in a limited comparison. Slaughter cows sold 2.00 to 5.00 lower with moderate demand. Slaughter bulls sold 3.00 to 4.00 lower with moderate demand. Total supply included 07% slaughter cows, 02% slaughter bulls, 21% replacements and 70% feeders. Feeder supply 33% steers, 22% bulls, 45% heifers with 34% of feeders weighing over 600 lbs.
Tagged Post Topics Include: Economics, Market updates
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