Market Update - October 16, 2014
Posted on Oct 16, 2014Grains and livestock are trading higher, cutting into losses posted yesterday. Lean Hog futures are the exception with sharp losses continuing on weak cash markets and technical selling. Choice Beef is down 1.02 to 249.47/cwt and Select is steady. The Pork Cutout has dropped sharply for the second time in three days. FOB Plant Pork dropped 3.26 to 113.73/cwt with sharp losses in loin, picnic and ham values.
Corn Dec +3 350; Mar +3 363; Dec15 +3 396 Bean Nov +7 960; Mar +6 976; Nov15 +6 976 Meal +7 334; May +3 319 Oil +14 3212 Wheat Dec +9 515; Jly +8 40 KC +9 601; MGE +10 574 Oats +3 346 Rice -7 1251
LC Oct +130 16425; Dec +147 16395; Apr +102 16112 FC Oct +110 23850; Nov +165 23580; Mar +65 22735 LH Dec -145 9047; Feb -220 8700; Apr -187 8712 Milk Oct +7 2420; Nov +16 2165
US$ +.1%
Dow -.3% SP -.3% NAS -.6% Tran +.4% VIX +1% 26.50
WTI -.2% Brent +.1% Gas +1.5% NG -.9% HO unch Eth +2.7% Gold -.1% Slvr -.2%
5-yr +.045 1.357% 10yr +.054 2.146% 30yr +.052 2.931%
Read today Daily Livestock Report from the CME Group which has the US Pasture Conditions chart. CLICK HERE
Blue Grass Stockyards Cattle Weekly Summary Report for the week ending 10/14/14
Receipts: 2882 Last Week: 2925 Year Ago: 3260 Compared to last week all classes sold steady with good demand; very good demand for featherweight calves. Feeder steers sold steady to 1.00 higher; feeder heifers lightly tested. Quality was average through good. Slaughter cows sold 3.00 to 5.00 lower with light demand. Slaughter bulls sold 2.00 lower with light to moderate demand. Stocker calves steady this week however CME cattle futures trending lower this week. Total supply included 09% slaughter cows, less than 01% slaughter bulls, less than 01% replacements and 90% feeders. Feeder supply 45% steers, 25% bulls, 30% heifers with 39% of feeders weighing over 600 lbs.
KENTUCKY CASH GRAIN PRICES – Click Here
KENTUCKY LIVESTOCK AUCTIONS -- Click Here
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Tagged Post Topics Include: Economics, Market updates
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