CBOT futures closed higher on strong fund buying. Futures were led higher by soybean meal and soybeans on strong export sales. Soybean, meal and soyoil are all above the key 200-day moving averages now. Short-covering lifted corn and wheat futures.

Cattle futures finally turned around after 4 days of sharp losses, as traders booked their profits in an oversold market. October LC had fallen to over $9/cwt discount to last week’s cash price. Boxed beef values were mixed with Choice up 0.37 at 190.65; Select down 2.87 at 183.66.

Lean Hog futures closed strongly higher in sympathy with the rally in cattle futures. Nearby LH futures closed above Friday’s closing prices. FOB Plant Pork closed down .33 at 79.80.

Corn Dec +5 333 (326-34); Mar +4 343

Bean Nov +16 975 (958-78); Mar +15 982

  Meal +6 318

  Oil +3 3289

Wheat Dec +4 403; Jly +3 446 (443-48)

  KC +1 411; MGE +2 488

Oats +1 175

Rice +4 956

 

LC Oct +240 10242; Dec +227 10420; Apr +142 10417

FC Sep +265 13315; Oct +255 13075; Jan +275 12492

LH Oct +195 6087; Dec +120 5537; Feb +90 6010

Milk Sep -18 1681; Oct -16 1716

US$ +.1%

Dow -12 18526

SP unch 2186

NAS +8 5284

Tran +105 8058

  VIX -.08 11.94

 

WTI +131 4614

Brent +129 4855

Gas +5 136

NG -3 269

HO +3 144

Eth unch 144

Gold -4 1349

Slvr -26 1978

 

2-yr +.004 0.738%

5-yr -.001 1.122%

10yr -.007 1.536%

30yr -.006 2.234%

Lexington Auction (Tues)
Weighted Average Report for 09/06/2016
Receipts:  692    Last Week:  950    Year Ago:  436
 ****Lexington Tuesday's sale held at Richmond yards while new Lexington stockyards is under construction ****

   Compared to last Tuesday steer calves sold 2.00 to 4.00 lower with light demand.  Heifer calves sold 5.00 to 6.00 lower with light demand.  Quality was good through attractive.  Slaughter cows 5.00 to 7.00 lower and slaughter bulls 4.00 lower with moderate demand.

Kentucky Farm Bureau Minute video  - Click Here

KENTUCKY CASH GRAIN PRICES – Click Here

KENTUCKY LIVESTOCK AUCTIONS --  Click Here