Market Update - September 19, 2012
Posted on Sep 19, 2012Outside markets are mixed with the US dollar turning weaker, but energy futures are down sharply. Oil inventories are building.
Livestock futures are trading lower after seeing gains on Tuesday. There’s a lack of fundamental news to boost prices.
Corn Dec +8 748; Mar +7 751; Dec’13 +3 635
Bean Nov +23 1663; Mar +17 1617; Nov’13 +19 1364 Meal Oct +8 500; May +5 448 Oil +31 5522
Wheat Dec +10 873; Jly +11 857 KC +6 895; MGE +10 934
LC Oct -40 12600; Feb -50 13175
fC Sep -77 14450; Oct -80 14675; Jan -90 15005
LH Oct +5 7415; Dec -22 7397
Milk Sep +1 1887; Oct +6 2003
Oats unch 374
Rice +1 1496
US$ -.1%
Dow +.2%
SP +.2%
NAS +.1%
Tran +.1%
VIX -2.9% 13.77
WTI -3.1%
Brent -3.1%
Gas -2.1%
NG +2%
HO -2.3%
Eth -.2%
Gold +.1%
Slvr -.2%
5-yr -.018 0.684%
10yr -.037 1.775%
30yr -.044 2.965%
Blue Grass Stockyards Cattle Report for 09/18/2012 Close
Receipts: 934 Last Tuesday: 1,620 Year Ago: 1,507
Compared to Monday, steer calves sold firm with very good demand. Heifer calves sold steady to 1.00 higher with good demand. Yearling steers sold steady to 2.00 higher with very good demand. Yearling heifers light test and not fully established. Slaughter cows sold steady to 2.00 lower with light demand. Slaughter bulls sold steady to 1.00 lower with moderate demand.
Total supply included 07% slaughter cows, 01% slaughter bulls, 1% replacements and 91% feeders. Feeder supply 59% steers, 14% bulls, 27% heifers with 56% of feeders weighing over 600 lbs.
Tagged Post Topics Include: Economics, Market updates
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