Market Update - September 18, 2012
Posted on Sep 18, 2012Live Cattle prices are trading steady but mixed. Boxed beef was strong on Monday, so some strength may show up. Feeders are trading lower as the CBOT sell-off ends for now.
Treasury bonds are getting back some of their value lost last week after the FOMC announced its monetary easing plans.
Corn Dec +3 751 (743-754); Mar +1 754; Dec’13 unch 641
Bean Nov -5 1664 (1630-1669); May -7 1545; Nov’13 +14 1355 Meal -1.4 502 Oil -6 5492
Wheat Dec -2 876; Jly -4.5 858 (855-869) KC -1 900; MGE +3 933
LC Oct +45 12590; Feb -15 13180
FC Sep -52 14480; Oct -12 14687; Jan -37 15035
LH Oct +60 7397; Feb +20 7937
Milk Sep +2 1888; Oct -7 1977
Oats -6 378
Rice +4 1533
US$ +.2%
Dow +.1%
SP -.1%
NAS steady
Tran -1.1%
VIX -1.4% 14.38
WTI -.2%
Brent -.2%
Gas -.2%
NG -.4%
HO -.1%
Eth -.3%
Gold +.1%
Slvr +1.5%
5-yr -.032 0.686%
10yr -.077 1.793%
30yr -.098 2.994%
Blue Grass Stockyards Cattle Auction Report for 09/17/2012 Receipts: 1,309 Last Monday: 1,274 Year Ago: 1,608
Compared to last week, steer calves sold steady with very good demand. Heifer calves sold steady with good demand. Yearling steers sold steady in a light test with good demand. Yearling heifers sold 2.00 higher in a limited comparison with very good demand. Slaughter cows sold 1.00 to 3.00 lower with light demand. Slaughter bulls sold steady with good demand.
Total supply included 07% slaughter cows, 02% slaughter bulls,less than 1% replacements and 91% feeders. Feeder supply 30% steers, 29% bulls, 41% heifers with 37% of feeders weighing over 600 lbs.
Tagged Post Topics Include: Economics, Market updates
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