CBOT futures are trading mixed with weather still putting pressure on corn and wheat futures.  New crop soybean futures are holding that market up after a large export sale for 2014-15. KC/MGE wheat are again losing against CBOT wheat with the KC-CBOT spread down to 94 cents.

Interestingly, the July and December Corn and the July CBOT Wheat are so far respecting the key chart support levels.  It will be key how these markets close today.

Cattle futures are trading narrowly mixed ahead of this afternoon’s Cattle on Feed Report.  Although cash cattle prices weakened Thursday, boxed beef is up 1.50 at midday.   The May Feeder Cattle contract hit another contract high.

Lean Hog futures are down in the higher-priced summer contracts as their premium to the soft cash market price melts away. FOB Plant Pork is down 0.45 to 112.78/cwt.

Corn Jly -2 482; Dec -1 479 (476-83) Bean Jly -2 1468; Sep +2 1276; Nov +4 1222 Meal Jly unch 481; Oct +2 391 Oil -26 4078 Wheat Jly -6 672; Dec -6 696 KC -13 766; MGE -16 746 Oats -9 341 Rice +5 1543

LC Jun +20 13760; Oct +20 14190; Feb -17 14552 FC May +27 18642; Aug +25 19267; Oct +17 19350 LH Jun -30 11912; Jly -82 12452; Oct +40 10640 Milk May unch 2255; Jun -14 2043

US$ steady

Dow steady SP +.1% NAS -.1% Tran +.4% VIX -2.6%  12.83

WTI +.6% Brent +.2% Gas +.5% NG -.7% HO +.5% Eth +3.1%

Gold unch Slvr -.6%

5-yr +.004 1.539% 10yr unch 2.502% 30yr -.012 3.326%

KENTUCKY CASH GRAIN PRICES – Click Here 

KENTUCKY LIVESTOCK AUCTIONS --  Click Here 

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