Market Update – November 21, 2014

CBOT futures are little changed at midday. Prices rallied strongly at the 830 am opening but have sold off in the last hour. The US dollar is up strongly on China’s move to boost its economy with lower interest rates and the EU’s stimulus program.

Cattle futures are slightly higher as traders remain optimistic that cash prices will hold near these record highs. Midday boxed beef values are near steady. Deferred LC futures are hitting contract highs. COF report is out this afternoon.

Lean Hog futures are weaker as pork values continue to slide. Fob Plant Pork is down .74 at 92.88/cwt. December LH futures have not traded below yesterday’s lows.

Corn Dec +2 376; May +2 397; Dec +2 418
Bean Jan +1 1021; May unch 1035; Nov +1 1006
Meal -1 370
Oil +9 3276
Wheat Dec +3 550; Jly +3 567
KC +1 604; MGE unch 584
Oats +2 328
Rice -3 1255

LC Dec +27 17052; Feb +37 17220; Jun+70 16270
FC Jan +57 23615; Mar +37 23410; May +57 23412
LH Dec -45 9032; Feb -50 9040; Apr +5 9280
Milk Dec +6 1875; Jan +11 1735

US$ +.6%

Dow +.6%
SP +.5%
NAS +.4%
Tran +.8%
VIX +1% 13.71

WTI -.1%
Brent +.2%
Gas +.1%
NG -4%
HO -.3%
Eth +3.8%
Gold +.2%
Slvr +1%

5-yr -.006 1.616%
10yr -.013 2.320%
30yr -.019 3.034%

KENTUCKY CASH GRAIN PRICES Click Here 

KENTUCKY LIVESTOCK AUCTIONS —  Click Here 

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