Market Update - May 4, 2015
Posted on May 4, 2015Cattle futures are moderately higher on Friday’s better-than-expected $160/cwt cash price and by stronger boxed beef values at midday -- Choice up 1.70 at 256.34 and Select up 1.94 at 245.16. June LC is at a huge discount to cash.
Lean Hog futures are also trading higher on cash hog market strength and bullish momentum in LH futures. Weaker midday pork values may end today’s rally. FOB Plant Pork is down 1.72 at 72.14 on weakness in all primals but the rib.
Corn Jly -2 361; Dec -2 378 Bean Jly +12 977; Nov +10 950 Meal +1 313 Oil +94 3238 Wheat Jly -2 472; Dec -3 498 KC -2 499; MGE -4 531 Oats 02 234 Rice +5 1026
LC Jun +155 15072; Oct +110 15070; Dec +1170 15184 FC May +147 21510; Aug +202 21710; Oct +205 21582 LH May +90 7690; Jun +72 8197; Oct +50 7287 Milk May +16 1642; Jun +55 1700
US$ +.2% Dow +.4% SP +.4% NAS +.4% Tran +.5% VIX +1.5% 12.90
WTI -.7% Brent -.3% Gas -.8% NG +.3% HO -.2% Eth +1.1% Gold +1.3% Slvr +2.9%
5-yr +.009 1.514% 10yr +.022 2.139% 30yr +.041 2.865%
Tagged Post Topics Include: Economics, Market updates
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