Home Market Market Watch Market Update 11AM 7/19/12

Market Update 11AM 7/19/12

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10:47 update

 

Dow little changed

Jobless claims up 35,000

IBM stock gains 3.5%

Some cattle offer at $115 up from $113

Beef exports soft

Pork cuts show signs of bottoming

High feed costs equal lower farrowing’s of hogs

All time highs in Sept corn and August beans but Sept wheat is 4.00 under the 2008 high

81% of US in drought status with 86% ofMidwestand 97% of plains

Winter wheat plantings in stressful conditions

Long term weather unchanged

Dec corn early up $.10 at $7.95, Nov beans chugging ahead at $15.69 up $ .40 and Sept wheat up $.26 at $9.30

 

This report sponsored by Seed Consultants