Friday Market Watch

 LIVESTOCK:

The lean hog complex rounded out Friday's market with a bang on heightened demand and excellent support, but the cattle contacts weren't as confident as high corn prices have everyone leery. Hog prices closed lower on the Daily Direct Morning Hog Report, down $4.25 with a weighted average of $90.86 on 4,557 head. 

From Friday to Friday, livestock futures scored the following changes: October live cattle down $0.18, December live cattle steady; September feeder cattle down $3.80, October feeder cattle down $4.32; October lean hogs up $3.73, December lean hogs up $4.85; December corn down $0.08, March corn down $0.06.

More: Friday Closing Livestock Market Update - High Corn Has Cattlemen on Edge through Friday's End 

GRAINS:

December corn closed down 1/4 cent per bushel and March corn was up 1/4 cent. November soybeans closed down 3 cents and January soybeans were down 2 3/4 cents. December KC wheat closed up 9 cents, December Chicago wheat was up 14 3/4 cents and December Minneapolis wheat was up 8 cents. 

For the Week:

December corn closed down 7 3/4 cents, with March corn down 6 1/4 cents. November soybeans closed up 36 1/4, with January up 37 3/4 cents. Kansas City December wheat closed up 6 cents, with Chicago Dec down 9 3/4, and Minneapolis Dec up 8 3/4 cents for the week.

DAIRY:

Class III milk futures made a nice comeback from earlier losses today. Futures were slow to shed the negative attitude after blocks remained steady and barrels gained. Later contracts did not respond due to very limited trading activity. Class IV futures remained under pressure. Fluid milk sales in July declined 5.0% from the previous year. Whole milk declined 1.3%; flavored whole milk fell 19.3%; reduced fat milk declined 5.0%; low fat milk fell 12.1%; fat-free skim milk fell 12.2%; flavored fat-reduced milk fell 12.8%; buttermilk declined 4.7% with other fluid milk products down 1.4%. Total conventional milk products declined 5.4%. Organic milk sales increased 0.3% from a year earlier. Organic whole milk increased 5.6%; organic flavored whole milk fell 22.3%; organic reduce fat milk declined 3.6%; organic low-fat milk declined 6.9%; organic fat-free skim milk declined 8.9%; organic flavored fat-reduce milk sales jumped 11.8%. The trend of fluid milk consumption continues to decline.

More: Friday Closing Dairy Market Update - Fluid Milk Sales Decline 5.0 Percent

FORAGE: This Week's Hay Market Report (Forage Fodder Blog)

OUTSIDE MARKETS:

The September U.S. Dollar Index is trading up 0.099 at 109.810. October crude oil gained $0.01 closing at $85.11 per barrel. The DOW is down 113 points at the time of this writing at 30,849 with the NASDAQ down 119 at 11,432. December gold is up $5.80 at $1,683.10, December silver is up $0.18 at $19.45 and December copper is up $0.0395 at $3.5295. October heating oil is down $0.0321, October RBOB is down $0.0065 and October natural gas is down $0.482.