Corn Dec -1 373 (372-74); Mar unch 385; Dec19 unch 404

Bean Jan -1 884 (878-89); Mar -2 896; Nov19 -1 934

  Meal +1 311

  Oil unch 2790

Wheat Dec +5 512; Jly +3 546 (541-47)

  KC +3 508; MGE +7 588

Oats +1 294

Rice -10 1065

 

LC Dec +10 11542; Apr -37 12192; Jun -10 11430

FC Nov +47 14997; Jan +17 14660; Apr -15 14667

LH Dec -300 limit 5410; Feb -272 6140; Jun -222 8022

Milk Nov -19 1451; Dec -24 1481

 

CBOT futures closed mixed with 0-2 cent losses in corn and soybeans and 3-7 cent gains in wheat contracts. Traders are generally waiting on the election results and the updated supply-demand estimates coming Thursday. Wheat was supported by lagging wheat seedings (6 points) and emergence (7 points), as well as a slip in the share of the crop rated “good or excellent”.

Cattle futures closed narrowly mixed, following Monday’s sharp losses. Support came from short-covering and strength in boxed beef. Choice beef ended up .17 at 218.76, while Select beef gained 2.31 to 204.66.

CHECK OUT WHAT USMEF SAYS ABOUT SEPTEMBER BEEF AND PORK EXPORTS.
https://www.usmef.org/news-statistics/press-releases/u-s-beef-exports-remain-solid-pork-exports-still-facing-headwinds/

Lean Hog futures closed sharply lower with the nearby December LH down the daily $3.00/cwt limit. The market opened lower and continued dropping throughout the day.  Technically, today’s selloff was signaled by yesterday’s bearish “outside down day” on the charts.  December LH is now $6.00 below the October high.  LH futures were weighed by lower cash hog prices and the pork cutout. FOB Plant Pork ended down .78 at 74.08.

 

US$ steady 96.30

Dow +173 25635

SP +17 2756

NAS +47 7376

Tran +112 10474

  VIX -.05 19.91

 

WTI -137 6184

Brent -154 7163

Gas -1 168

NG -3 353

HO -2 218

Eth -1 130

Gold -4 1228

Slvr -12 1452

 

2-yr +.020 2.932%

5-yr +.028 3.054%

10yr +.025 3.224%

30yr +.007 3.438%
 

Bluegrass Stockyard - Lexington, KY
Weighted Average Report for 11/05/2018
   Receipts:  1297    Last Week:  1348    Year Ago:  1672
Compared to last Monday market was weak for fleshy unweaned steer calves; thin-fleshed and weaned offerings trading 2.00 higher. Heifer calves sold steady to 2.00 lower with very limited interest for fleshy offerings over 600 lbs, not guaranteed open.  Yearling steers trading near steady in a light test.  Quality was average through attractive.  Red-hided, off-colored and fleshy small-frame calves continue to face major discounts.  Slaughter cows sold steady with light demand under heavy supply. Slaughter bulls sold steady to 2.00 lower with light demand.

Kentucky Farm Bureau Minute video  - Click Here

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