Weekly USA commodities&pork prices for pig producers.•US live cattle and lean hog futures were higher, while feeder cattle futures were mostly higher Tuesday.
• Corn futures were lower, wheat futures were mostly lower and soy complex futures were mixed but mostly lower.
• The value of the US dollar against the euro was lower.
• Crude oil futures were lower.
• New York gold futures were higher.
• US stock indexes were mostly higher.
• European stock indexes were mostly higher.
• Asian stock indexes were mostly lower Tuesday.
US hog futures finished mostly lower Monday. Lean hog futures declined on persistent concerns about supplies of pork. December lean hog futures declined .475c, closing at 87.475c a lb.
• Boxed beef cuts were higher on light to moderate demand and light offerings. The cutout value for a pork carcass weighing 205 lbs. jumped 1.69c Monday to close at 95.42c a lb. Primal cutout values were sharply higher for loins, butts, hams and bellies and higher for ribs. Cutout values were lower for picnics.
• Corn, soybean and soybean meal futures rose Monday on possible harvest delays because of rainfall in the Midwest. Wheat futures lost ground on favorable weather in the US southern plains and ideas that the Argentinian crop could be larger than forecast.
Chicago December wheat fell 6c, closing at $6.99¾ a bushel, Kansas City December fell 7½c, closing at $7.61¼ a bushel, and Minneapolis December lost 8½c, closing at $7.51¾ a bushel. December corn futures were up 2½c, closing at $4.44 a bushel.
November soybeans gained 12c, closing at $13.03¼ a bushel. December soybean meal gained $5.60, closing at $415.70 a bushel. November soybean oil dropped 0.04c, closing at 41.64c a lb
• Major US stock indexes were mixed and little changed Monday as the market turned its attention to earnings reports as well as key employment data due later this week. The Dow Jones Industrial Average fell more than 7 points, closing at 15,392.20. The Standard & Poor’s 500 Index was steady, closing at 1,744. The Nasdaq Composite Index gained almost 6 points, closing at 3,920.05.
• The value of the US dollar against the euro was higher Monday.
• Crude oil futures declined Monday on higher crude inventories and sluggish demand. The November contract lost $1.59, closing at $99.22 a barrel.
• Gold futures rose modestly Monday on sentiment that the Federal Reserve will delaying tapering its stimulative monetary policy. The October contract gained $1.30, closing at $1,315.70 an oz.