Market Update - October 24, 2012 - Kentucky Farm Bureau

Market Update - October 24, 2012

Posted on Oct 24, 2012
  Wheat and soybean futures are higher while corn is holding steady.  Soybeans are supported by strong demand, technical strength, and fund buying.  Wheat is up the most on a percentage basis.  Corn futures are lagging as export demand is weak as indicated by a cancellation of a previous export sale.

  Cattle futures are steady to firm as bullish cash market optimism provides support.

  Lean hog futures are near steady.  The Pork Cutout dropped $1.23 to 87.41 on Tuesday. Expect more profit-taking to limit gains in LH futures.

Corn Dec unch 756; Mar +1 757; Dec’13 +5 639.5

Bean Nov +13 1566; Mar +14 1534; Nov’13 -1 1334  Meal Dec +5 481.5; May +3 434   Oil +21 5153

Wheat Dec +16 884; Jly +13 864   KC +13.5 921;  MGE +9 954

LC Oct +20 12620; Feb +7 13085; Jun unch 13132

FC Oct -2 14540; Nov +20 14725; Jan +35 14905

LH Dec +27 7840; Feb unch 8465; Jun unch 10047

Milk Nov +13 2074; Dec +6 2026

Oats unch 386

Rice +6 1504 

US$ +.2%

Dow steady

SP -.1%

NAS -.3%

Tran -1.3%

 VIX -1.4% 18.56

WTI -1.6%

Brent -.9%

Gas -.8%

NG -2.3%

HO -.5%

Eth -.5%

Gold -.3%

Slvr -.4%

5-yr +.003 0.759% 10yr +.018 1.778% 30yr +.023 2.927%

 

Tagged Post Topics Include: Economics, Market updates


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