WEEKLY USA COMMODITIES&PORK REPORT

Weekly USA commodities&pork prices for pig producers.

• US lean hog futures were higher.

• Corn and wheat futures were lower, while soy complex futures were mostly higher.

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

• Crude oil futures were lower.

• New York gold futures were lower.

• US stock indexes were higher.

• European stock indexes were higher.

• Asian stock indexes closed mostly lower.

• US lean hog futures finished higher. Lean hog futures benefitted from spillover buying across the meat sector. October lean hog futures climbed .125c, closing at 90.175c a lb.

• The cutout value for a pork carcass weighing 205 lbs. eased.09c Monday to close at 99.36c a lb. Primal cutout values were sharply higher for ribs and higher for loins and butts. Cutout values were sharply lower for hams and bellies and lower for picnics.

• Corn futures rose modestly and Chicago and Kansas City wheat futures gained ground following corn, while Minneapolis wheat futures edged lower on harvest pressure from the large spring wheat crop. The soy complex declined in slow, featureless trading. Chicago December wheat gained 7¼c, closing at $6.53½ a bushel, Kansas City December rose 5c, closing at $6.97¾ a bushel, and Minneapolis December lost 1c, closing at $6.98¾ a bushel. December corn futures rose 2¼c, closing at $4.53¼ a bushel. November soybeans lost 7½c, closing at $13.07¾ a bushel. October soybean meal lost 2.3c, closing at $411.10 a ton. October soybean oil fell 0.12c, closing at $41.97 a lb.

• Major US stock indexes lost ground and extended steep declines from Friday as the market attempted to discern what moves by the Federal Reserve may be coming soon. The Dow Jones Industrial Average lost more than 49 points, closing at 15401.38. The Standard & Poor’s 500 Index declined about 8 points — 0.5 percent, to close at 1,701.84. The Nasdaq Composite Index fell more than 9 points, closing at 3,765.29.

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

• Crude oil futures declined Monday on reduced worries over Libya’s oil exports and Syria’s cooperation with chemical weapons inspectors. The November contract lost $1.16, closing at $103.59 a barrel.

• Gold futures fell Monday as the market weighed the likelihood of a reduction in the Fed’s stimulative monetary policy. The October contract fell $5.60, closing at $1327 an oz.