CBOT futures are little changed without any major market news. Export inspections and sales reports this morning were positive for corn and soybeans. A stronger US dollar weighs on futures.

Cattle futures are down sharply due to last Friday’s sharp drop in boxed beef values and the cash fed cattle market. Choice Beef is up .47 at 209.77 and Select is down .81 to 198.24.

Lean Hogs are also down sharply in sympathy with cattle futures and very large pork production. FOB Plant Pork is up .88 at 74.24. Last week's hog slaughter of 2.388 million head was the largest since December 1, 2012; pork production was a record 506.9 million lbs., up 6.2% from a year ago.

Corn Dec unch 359; Jly unch 377 Bean Jan unch 855; Jly unch 868 Meal -1 288 Oil +13 2717 Wheat Dec -1 494; Jly -1 502 KC +3 468; MGE +2 506 Oats +2 234 Rice -20 1194

LC Dec -300 limit 12767; Apr -300 12955 FC Nov -267 17240; Jan -450 limit 16005; Apr -450 15790 LH Dec -192 5287; Feb -237 5467; Milk Nov -2 1539; Dec -11 1495

 

US$ +.3% Dow +.3% SP +.3% NAS -.1% Tran -.9% VIX -1.6% 19.76

WTI -.4% Brent -1% Gas -1.9% NG +.9% HO -1.2% Eth +1.3% Gold +.3% Slvr -.1%

5-yr -.041 1.629% 10yr -.037 2.243%