Market Update - May 6, 2013
Posted on May 6, 2013Cattle futures are higher in response to Friday’s record high beef cutout value. Futures had dropped Friday on a profit-taking sell-off.
Lean Hog futures are trading mixed. The deferred contracts are weighed by the falling CBOT which could promote more pork production down the road.
Corn Jly -26 635; Sep -22 557; Dec -18 535 Bean jly -16 1371; Sep -13 1252; Nov -12 1209 Meal Jly -6 401; Oct -4 341 Oil -22 4905 Wheat Jly -20 701; Dec -19 726 KC -20 758; MGE -14 805 Oats -8 380 Rice +7 1543
LC Jun +42 12225; Aug +35 12232; Dec +5 12695 FC May +50 13927; Aug +90 14840; Oct +35 15160 LH May +5 9145; Jly -12 9217; Oct -50 8157 Milk May -4 1866; Jun -12 1879
US$ +.3% Dow unch SP +.2% NAS +.3% Tran +1.3% VIX +.7% 12.94
WTI +.4% Brent +1% Gas +1% NG -.9% HO +.9% Eth -1.8%
Gold +.2% Slvr -.5%
5-yr +.01 0.73% 10yr +.01 1.75% 30yr unch 2.95%
Tagged Post Topics Include: Economics, Market updates
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