Market Update - June 6, 2013

Posted on Jun 6, 2013
While the outside markets are generally supportive, CBOT futures are trading mixed with modest price changes.  There’s not any major factor driving prices today.  Corn futures are taking back some of the recent losses.  Soybean futures are under pressure from weaker basis indicating some easing in nearby supply availability.

Cattle futures are little changed awaiting establishment of the cash market this week.

Lean Hog futures are charging upward despite weakness in the Pork Cutout as traders expect higher hog prices.

Corn Jly unch 661; Sep +3 574; Dec +4 546 Bean Jly -6 1526; Sep -6 1348; Nov -6 1294 Meal Jly -2 454; Dec -3 382 Oil -2 4828 Wheat Jly unch 701; Dec unch 723 KC -1 742;  MGE +5 821 Oats +10 394 Rice -1 1577

LC Jun +10 12035; Oct +37 12277; Dec +25 12490 FC Aug -5 14455; Oct unch 14850; Jan -47 14977 LH Jun +82 9747; Jly +170 9627; Oct +82 8460 Milk Jun +3 1806; Jly +15 1870

US$ -1.4% Dow -.4% SP -.3% NAS -.3% Tran +.1% VIX +3.3% 18.07

WTI +1.3% Brent +.7% Gas +.9% NG -3.3% HO +.5% Eth -.2%

Gold +1.3% Slvr +.7%

5-yr -.01 1.02% 10yr -.01 2.08% 30yr -.01 3.23%

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Tagged Post Topics Include: Economics, Market updates