Market Update - May 18, 2015
Posted on May 18, 2015Cattle and hog futures are lower in follow-through selling to last week’s weak trade. A stronger US Dollar weighs on prices. At midday, pork values are higher. FOB Plant Pork is up .68 at 84.16. Boxed beef hasn’t been reported.
The SP500 and Dow hit new record highs today. Treasury yields are also higher.
WTO rules against U.S.’ country of origin labeling (COOL) requirements
Corn Jly +3 369; Dec +4 386 Bean Jly unch 954; Nov unch 934 Meal +3 306 Oil -16 3291 Wheat Jly +12 523 (508-30); Dec +12 544 KC +15 556; MGE +12 573 Oats +6 254 Rice +16 974
LC Jun -130 15122; Oct -72 15095 FC May -7 21892; Aug -185 21655 LH Jun -107 8227; Oct -7 7357 Milk Jun +1 1658; Jly +10 1680
US$ +.7% Dow +.1% SP +.2% NAS +.3% Tran +.2% VIX +3.1% 12.78
WTI -.6% Brent -.9% Gas -.7% NG -.5% HO -.7% Eth +1% Gold +.1% Slvr +.8%
5-yr +.056 1.518% 10yr +.079 2.220% 30yr +.096 2.019%
Tagged Post Topics Include: Economics, Market updates
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