Weekly USA commodities&pork prices for pig producers.
• US lean hog futures were lower.
• Corn futures were slightly lower, wheat futures were mixed and soy complex futures were higher.
• 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 Tuesday.
• US lean hog futures ended mostly higher Monday. Higher corn futures prices pressured futures prices. A seasonal glut of processed pork weighed on the nearby contract for lean hog futures. December lean hog futures eased .075c, closing at 88.050c a lb.
• The USDA Daily Carlot Meat Report was not published Nov. 11 due to the federal holiday.
• Corn and most soybean futures gained ground Monday while wheat declined. Short-covering in an oversold market buoyed row-crop prices. Chicago December wheat fell 3½c, closing at $6.46¼ a bushel, Kansas City December fell 2¼c, closing at $7.06¼, and Minneapolis December wheat fell 3½c, closing at $7.04½ a bushel. December corn futures gained 8c, closing at $4.34¾ a bushel. November soybeans gained 2c, closing at $13.08 a bushel. December soybean meal fell 20c, closing at $422.10 a ton, but all other contracts closed slightly higher. December soybean oil gained 0.18c, closing at 40.42 a lb.
• Major US stock indexes gained modestly Monday in light trading — with the DJIA closing at another record — on Veterans’ Day, a federal and bond-market holiday. The focus was on whether, and when, the Federal Reserve may begin to taper off its stimulative monetary policy. The Dow Jones Industrial Average rose about 21 points, closing at 15,783.10. The Standard & Poor’s 500 Index edged up about 1 point, closing at 1,771.89. The Nasdaq Composite Index was up less than 1 point, closing at 3,919.79.
• The value of the US dollar was lower against the euro Monday.
• Crude oil futures ended higher Monday on the lack of a deal between the United States and Iran to limit Iran’s nuclear program. The December contract moved up 54c, closing at $95.14 a barrel.
• Gold futures lost ground Monday on reports that China’s economy remained strong and concerns that the Fed may reduce its monetary stimulus because of signs of US economic growth. The December contract lost $3.50, closing at $1,281.10 an oz.