Weekly USA commodities&pork prices for pig producers.

• US lean hog futures were lower.

• Corn and wheat futures and soy complex futures were lower.

• The value of the US dollar against the euro was lower.

• Crude oil futures were lower.

• New York gold futures were lower.

• US stock indexes were lower.

• European stock indexes were lower.

• Asian stock indexes closed mostly lower.

• US lean hog futures ended mostly lower. Losses in the spot contract for lean hog futures continued on record heavy-weight hogs and higher-than-expected pork production.  December lean hog futures declined .550c, closing at 80.825c a lb.

•The cutout value for a pork carcass weighing 205 lbs. advanced .61c  closing at 90.22c a lb. Cutout values were sharply higher for ribs and hams and higher for butts. Cutout values were lower for loins, picnics and bellies.

• Corn, wheat and soy complex futures mostly declined , reacting little to the U.S. Department of Agriculture’s December Crop Production and World Agricultural Supply and Demand Estimates that lowered forecast ending stocks for corn and soybeans in 2013-14 but increased the forecast for 2013-14 wheat ending stocks. Chicago December wheat fell 9½c, closing at $6.29½ a bu, Kansas City December fell 9c, closing at $6.94½ a bu, and Minneapolis December fell 9¼c, closing at $6.58¾ a bu, closing at $6.58¾ a bu. December corn futures fell 1c, closing at $4.27½ a bu. January soybeans fell 5½c, closing at $13.38¼ a bu. December soybean meal was up $2.50, closing at $464.10 a ton. December soybean oil declined 0.14c, closing at 39.91 a lb.

• Major U.S. stock indexes declined  on ideas that the Federal Reserve will need additional good economic news before beginning to scale back its economic stimulus. The Dow Jones Industrial Average fell more than 52 points, closing at 15,973.13. The Standard & Poor’s 500 Index lost close to 6 points, closing at 1,802.62. The Nasdaq Composite Index fell more than 8 points, closing at 4,060.49.

•The value of the U.S. dollar against the euro was lower.

• Crude oil futures gained ground  as the market considered progress on a possible pipeline to transport oil from the U.S. Midwest to the Gulf. The January contract gained $1.17, closing at $98.51 a barrel.

• Gold futures ended higher Tuesday on a weaker U.S. dollar but market tone was cautious as investors sought a clearer outlook on the direction of Federal Reserve policy. The February contract gained $26.90, closing at $1262.40 an oz.