Corn Sep unch 341; Dec unch 356 (355-59)

Bean Sep +3 823; Nov +3 836 (832-44)

  Meal +1 302

  Oil -15 2803

Wheat Sep +17 516; Jly +13 568 (550-69)

   KC +20 520; MGE +15 569

Oats +4 252

Rice +21 1081

 

LC Aug +137 10917; Dec +10 11270; Feb +27 11655

FC Aug -2 14932; Oct -2 14940; Jan -70 14645

LH Oct -45 5155; Dec +37 5372; Feb +5 6312

Milk Sep +2 1644; Oct -7 1657

CBOT futures closed steady to higher with wheat futures posting 3-4 percent gains on talk that Russia may restrict wheat exports above a certain amount. If this becomes reality, the U.S. should see more wheat export business. Corn and soybeans remain under pressure from a large crop and a lack of trade negotiations with China. The spec funds are short corn and soybeans, and long wheat.

Live cattle futures closed higher and Feeder Cattle closed lower. Cattle futures overcame early pressure from news of an atypical BSE case in a Florida cow. August LC closed on the day’s highs even as the cash fed market is not established. Choice beef edged up .28 to 212.68 and Select lost .73 to 203.55.

Lean Hog futures closed narrowly mixed on a lack of new fundamentals. LH overcame Tuesday’s bearish price action. FOB Plant Pork dropped .22 to 64.68/cwt.

US$ -.2%  94.5

Dow +61 26125

SP +17 2914 – new record high today

NAS +80 8110 – new record high today

Tran +5 11396

   VIX -.25 12.25

 

WTI +98 6951

Brent +144 7739

Gas +3 211

NG +4 289

HO +3 224

Eth -4 126

Gold -3 1211

Slvr -8 1470

 

2-yr +.012 2.677%

5-yr +.014 2.784%

10yr +.002 2.886%

30yr -.010 3.023%

Bluegrass Stockyard - Lexington, KY
Weighted Average Report for 08/28/2018
Receipts:  603    Last Week:  644    Year Ago:  778

    Compared to last Tuesday steer calves sold 3.00 lower; yearlings 5.00 lower with light to moderate demand.  Heifer calves under 600 lbs sold 5.00 lower over 600 lbs steady to 3.00 lower with light to moderate demand.  Slaughter cows and slaughter bulls sold 3.00 lower with moderate demand.

Kentucky Farm Bureau Minute video  - Click Here

KENTUCKY CASH GRAIN PRICES – Click Here

KENTUCKY LIVESTOCK AUCTIONS --  Click Here