# Market Closes - January 22, 2018 - Kentucky Farm Bureau

> Soybean and soybean meal futures closed higher for six straight sessions, with March meal more than $28 above its $310 low while soybean oil fell 3%. Live cattle rose on a cash price surge to $123/cwt and a blizzard in western Kansas and Nebraska, though boxed beef weighed on the market. Congress ended a government shutdown and sent the bill to the President.

- Date: 2018-01-22 · published 2018-01-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12095-market-closes-january-22-2018-kentucky-farm-bureau
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

The soybean rally was driven mainly by meal strength, which supports feed ingredient costs. Routine price moves with limited new supply information keep this a low-impact wrap.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼
- SOY: bullish ▲
- HOGS: neutral
- LCATTLE: bullish ▲

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-january-22-2018/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.