Market Update - March 24, 2014
Posted on Mar 24, 2014Cattle futures are managing small gains as traders wait to see how the cash cattle and beef markets perform this week. At midday, beef values are up slightly.
Lean Hog futures are down sharply after the higher opening failed quickly. The increase in frozen pork stocks may have caused some of the spec longs to jump ship ahead of Friday’s Hogs and Pigs report. Pork cutouts are down 50-100 cents at midday.
Economic reports were negative this morning causing the equity markets to drop.
Corn May +9 488; Jly +8 492; Dec +5 485 Bean may +11 1420; Jly +10 1392; Nov +4 1181 Meal May +4 460; Oct +2 375 Oil -12 4090 Wheat May +20 713; Jly +20 715 KC Jly +21 787; MGE +19 758 LC Apr +27 14427; Jun +22 13635; Oct +40 13792 FC Mar +130 17632; Apr +72 17600; Aug +745 17865 LH Apr -125 12442 (low 12375); Jun -200 12832; Oct +7 10435 Milk Mar +1 2330; Apr +49 2402
US$ +.05% Dow -.5% SP -.8% NAS -1.7% Tran -.6% VIX +5.3% 15.80
WTI +.3% Brent +.1% Gas +.4% NG -.4% HO steady Eth +6%
Gold -1.8% Slvr -1%
5-yr +.01 1.73% 10yr -.02 2.73% 30yr -.03 3.58%
Nitrogen loss suspected in wheat Story by University of KY CAFE http://news.ca.uky.edu/article/nitrogen-loss-suspected-wheat
KENTUCKY CASH GRAIN PRICES – Click Here
KENTUCKY LIVESTOCK AUCTIONS -- Click Here
Tagged Post Topics Include: Economics, Market updates
Comments