Market Update - March 13, 2013
Posted on Mar 13, 2013Cattle futures are higher on better boxed beef values on Tuesday and continued hope for stronger cash markets. Lower CBOT futures are supporting feeder futures.
Lean hog futures are trading mixed as the cash hog and pork markets lack definitive direction.
Corn May -9.5 705; Jly -7 687; Dec -5.5 552 Bean May -26.5 1442; Jly -24 1421; Nov -10.5 1259 Meal May -9 427.5; Oct -2 357 Oil -55 4943 Wheat May -3 701; Jly -4 700; dec -4 720 KC -3 732; MGE -5 786
LC Apr +55 12925; Jun +22 12410; Oct +20 12955 FC Mar +75 13955; Apr +92 14312; Aug +107 15230 LH Apr +5 8150; Jun -40 9065; Oct -50 8232 Milk Mar -2 1697; Apr unch 1707
Oats -5 389 Rice -11 1512
US$ +.5%
Dow -.1%
SP unch
NAS unch
Tran +.9%
VIX +1% 12.40
WTI +.4%
Brent -.5%
Gas +.3%
NG +.5%
HO unch
Eth -.8%
Gold -.4%
Slvr -1%
5-yr +.02 0.89% 10yr +.03 2.04% 30yr +.02 3.24%
Blue Grass Stockyards Cattle Report for 03/12/2013 Receipts: 1,363 Last Tuesday: 955 Year Ago: 1,323 Compared to Monday, steer calves sold 2.00 to 5.00 lower with light demand. Yearling steers sold 2.00 to 4.00 lower with light demand. Heifer calves sold 2.00 to 5.00 lower with light demand. Yearling heifers light test. Slaughter cows and slaughter bulls sold about steady in a very light test. Packer demand good.
Total supply included 02% slaughter cows, less than 01% slaughter bulls, 01% replacements and 97% feeders. Feeder supply 66% steers, 05% bulls, 29% heifers with 79% of feeders weighing over 600 lbs.
Tagged Post Topics Include: Economics, Market updates
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