Market Update - January 6, 2014
Posted on Jan 6, 2014Traders will be preparing for Friday’s USDA crop reports.
Cattle futures are higher in follow-through to last week’s strong market. The bitter cold will tend to reduce weight gain (beef production) and boost beef values. However, the bad weather could also keep consumers at home and out of the steak restaurants.
US equities are lower and Treasury values higher on disappointing economic reports in the US and China. The market will receive on Wednesday the FOMC minutes from the last meeting.
Corn Mar +1 424; Jly +1 439; Dec unch 452 Bean Mar +7 1279; Jly +4 1252; Nov -1 1129 Meal Mar +7 414; Jly +5 400 Oil -47 3813 Wheat Mar unch 606; Jly unch 614 (614-20) KC +2 645; MGE unch 631 Oats +6 350 Rice +5 1565
LC Feb +47 13677; Jun +12 13017 FC Jan +67 16830; Apr +47 16942 LH Feb -42 8625; May -15 9855 Milk Jan +3 2009; Feb +15 1983
US$ -.2%
Dow -.2% SP -.3% NAS -.5% Tran -1.2% VIX -.6% 13.68
WTI -.4% Brent -.1% Gas -1.5% NG -.5% HO +.4% Eth +2.8%
Gold +.2% Slvr +.5%
5-yr -.04 1.70% 10yr -.04 2.96% 30yr -.04 3.89%
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Tagged Post Topics Include: Economics, Market updates
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