Corn Mar +1 377 (375-78); Jly +2 388; Dec20 +2 391

Bean Jan +4 901 (896-902); Jly +3 942; Nov +3 947

  Meal unch 299

  OIL +9 3168

Wheat Mar +1 524; Jly +1 530 (525-33)

  KC +5 431; MGE +5 518

Oats unch 295

Rice unch 1245

 

LC Dec -30 11987; Feb -17 12457; Jun -25 11725

FC Jan +12 14165; Mar +25 14252; May +25 14550

LH Dec +47 6047; Feb +127 6797; May +165 8055

Milk Jan -24 1840; Feb -25 1760

CBOT futures closed slightly higher on news that Democrat leaders have agreed to vote on the USMCA, a “neutral” WASDE report from USDA, that President Trump may wait on the December 15 tariff increases, and signs that US and China are getting nearer to a Phase 1 trade deal.

Cattle futures closed narrowly mixed on a lack of significant market news. Early cash trade is similar to last week’s price. Boxed beef weakened. Choice beef dropped 2.15 to 221.49 and Select lost 1.14 to 205.35.  Choice-Select spread is 16.14.

Lean hog futures closed higher with deferred contracts the strongest. LH was supported by the USMCA deal in Congress, higher pork values and signs that US and China are getting closer to a Phase 1 deal. FOB Plant Pork gained 1.14 to 83.12.

US$ -.1% 97.50

Dow -28 27882

SP -3 3133

NAS -6 8616

Tran -47 10630

  VIX -.18 15.68

 

WTI +22 5914

Brent +9 6434

Gas unch 165

NG +3 226

HO +2 197

Eth -2 134

Gold +3 1468

Slvr +6 1670

 

2-yr +.027 1.654%

5-yr +.018 1.686%

10yr +.011 1.842%

30yr unch 2.2265%

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