# Market Closes - February 23, 2017 - Kentucky Farm Bureau

> CBOT grain futures closed mostly lower, with corn posting the largest percentage losses and old-crop soybeans falling below 200-day moving average support. Live cattle rose on strong cash and boxed beef prices, while lean hogs fell to a new 2017 low for April.

- Date: 2017-02-23 · published 2017-02-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8678-market-closes-february-23-2017-kentucky-farm-bureau
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Large South American soybean supplies and a 30% larger US corn crop weigh on grain prices, and lower hog futures reduce feeding margins for pork producers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼
- LCATTLE: bullish ▲

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-february-23-2017/

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