Market Update - March 6, 2013
Posted on Mar 6, 2013Cattle futures are down sharply despite the recent strength in boxed beef values. Futures collapsed in the first 30 minutes of trading, but have since recovered some. The March Feeder Cattle futures contract tested chart support just above $139.
A better-than-expected private jobs report added pressure to Treasury prices which raises rates/yields. The Labor Dept will release its employment report Friday morning.
Corn May -10 699; Jly -7 679; Dec -6 546 Bean may +1 1467; Jly +2 1450; Nov -5 1270 Meal May +1 437; Oct -2.5 360.6 Oil -2 5011 Wheat May -13 693; Jly -12 697; Dec -13 719 KC -12 733; MGE -11 785
LC Apr -95 12867; Jun -65 12382; Oct -95 12857 FC Mar -90 14085; Apr -117 14242; Aug -170 15130 LH Apr -7 7917; Jun -5 8950; Oct -65 8087 Milk Mar -7 1687; Apr -16 1720
Oats -2 387 Rice +1 1538
US$ +.3% Dow +.2% SP +.1% NAS -.1% Tran -.2% VIX +1.3% 13.66
WTI -1% Brent -.8% Gas -.8% NG -1.1% HO -.2% Eth -.4%
Gold +.3% Slvr +1.1%
5-yr +.02 0.79% 10yr +.03 1.92% 30yr +.03 3.13%
Tagged Post Topics Include: Economics, Market updates
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