CBOT futures are mixed with corn, beans and meal posting losses while wheat is barely higher on a better-than-expected weekly export inspections report this morning. Downside pressure is coming from favorable South American weather and a disappointing corn inspections report.

Cattle futures are mostly lower although the December LC contract hit another contract high today. Fed Cattle price was up a dollar/cwt on Friday. Choice Beef is up 1.18 to 256.40 and Select is up .25 to 242.18. Friday’s Cattle on Feed Report showed heavier placements than expected resulting in a larger on-feed number for November 1st at 100.5% of year ago.

Lean Hog futures are trading strongly higher in the nearby contracts on firm cash markets and Friday’s Cold Storage Report that showed pork inventories down 7% from a year ago and down 3.7% from the end of September. At midday, FOB Plant Pork up .26 at 93.65/cwt.

Corn Dec -3 369; May -3 391; Dec -3 413 Bean Jan -7 1031; May -9 1043; Nov -7 1011 Meal Dec -2 377; May -6 343 Oil +32 3301 Wheat Dec unch 548; Jly +2 568 KC +1 605; MGE -2 581 Oats -20 306 Rice -9 1250

LC Dec +7 17097; Apr -37 17005; Jun -72 16207 FC Jan -90 23545; Mar -107 23337; Aug -97 23402 LH Dec +132 9197; Feb +95 9140; Jun +55 9925 Milk Dec -24 1868; Jan -11 1724

US$ -.2%

Dow steady SP +.2% NAS +.6% Tran +.6% VIx -1.2% 12.74

WTI +.3% Brent steady Gas -.4% NG -2.9% HO steady Eth +1% Gold -.2% Slvr -.2%

5-yr +.004 1.616% 10yr +.005 2.320% 30yr +.006 3.027%

KENTUCKY CASH GRAIN PRICES – Click Here 

KENTUCKY LIVESTOCK AUCTIONS --  Click Here 

Subscribe to “Between the Rows” e-newsletter from the KFB Commodity Division by Clicking Here.