# Market Closes - September 1, 2016 - Kentucky Farm Bureau

> Corn and wheat futures closed strongly higher on September 1, 2016, after eight straight days of lower closes, with traders citing short-covering and private crop estimates below USDA corn figures. Cattle futures crashed with October live cattle down the $3.00 daily limit, while lean hog futures rose to new highs since July. Soybeans closed little changed.

- Date: 2016-09-01 · published 2016-09-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8593-market-closes-september-1-2016-kentucky-farm-bureau
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Short-covering and smaller private corn estimates support grain prices, while cattle weakness reflects liquidation and falling cash trade. Hog strength diverges from the weak cattle complex.

## Read by commodity

- CORN: bullish ▲
- HOGS: bullish ▲
- WHEAT: bullish ▲
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2016-09-01 | 1 | -3.8% | -3.8 | Confirms the $3.00 limit-down cattle crash on September 1 even as grains rallied, indicating the move was cattle-specific. |
| LCATTLE | 2016-09-06 | 5 | -7.0% | -3.6 | Confirms the $3.00 limit-down crash in October cattle on Sept 1, though the summary is a broad market wrap. |

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-september-1-2016/

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