Market Update - November 19, 2012
Posted on Nov 19, 2012Live Cattle futures are trading higher on follow-through buying from last Friday’s strength. The Cattle on Feed report was in-line with expectations and considered friendly. Cash cattle traded a dollar higher on Friday.
Lean Hog futures are trading surprisingly higher given the lack of bullish cash markets and futures’ premium to the cash price.
US equity markets are higher on hopes for moving closer to a fiscal cliff and budget solution. A positive housing report also lifted the market.
Corn Dec +13 740; Mar +12 743; Dec +10 619
Bean Jan +14 1398; Mar +17 1385; Nov +16 1279 Meal Dec +1 425; Oct +4 363.5 Oil +104 4809
Wheat Dec +8 846; Jly +8 854 KC +6 882; MGE +4 914
LC Dec +60 12675; Jun +37 13035
FC Jan +30 14590; Apr +30 15010; Aug +35 15525
LH Dec +130 8162; Apr +75 9200
Milk Dec +24; Jan +16 1872
Oats +11 376
Rice -3 1481
US$ -.4%
Dow +1.2%
SP +1.5%
NAS +1.6%
Tran +.9%
VIX -3.6% 15.81
WTI +2.4%
Brent +2.2%
Gas +1.8%
NG -.9%
HO +2.8%
Eth +.9%
Gold +1%
Slvr +1.9%
5-yr +.024 0.634% 10yr +.032 1.616% 30yr +.034 2.768%
Tagged Post Topics Include: Economics, Market updates
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