Slow and Steady Gains in Live Cattle
Monday Dec 21st, 2020 This is Matt Rice with today’s Market Line Report for Friday. Steady cash trade in the live cattle market even with stronger grain numbers, cattle defying the odds as they continue to slowly trend higher. Let’s go to Virginia McGathey with the CME Group to hear more.
McGathey “ .”
Chicago Soft Red Winter Wheat prices for March closed the day dn ½, to finish at 608 ¼. March. Corn up 5, to close at 437 ½. Kansas City Hard Red Winter Wheat prices for March. were dn ¾, to settle at 569 ¼.
Portland prices for Ordinary Club Wheat was Unch, ranging from 6-40 to 6-75. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for March were dn ¾, ranging from 7-14 ¼ to 7-34 ¼. Soft white wheat of Ordinary Protein for March was Unch, ranging from 6-50 to 6-70. DNS wheat with 14 % protein, prices for March were up 1 ½, ranging from 6-93 ½ to 7-03 ½.
Weaker Dollar Generates Sales This is Matt Rice with today’s Market Line Report for Friday. US dollar weaker once again, opening the door to more buying in the wheat and corn markets driving prices higher. Let’s go to Joe Vaclavik’s podcast “Grain Markets and Other Stuff” to hear his take on today’s grain market.
Vaclavik “ .”
Chicago Soft Red Winter Wheat prices for March closed the day up 10 ¼, to finish at 608 ¾. March. Corn up 5 ¼, to close at 432 ½. Kansas City Hard Red Winter Wheat prices for March. were up 8 ½, to settle at 570.
Portland prices for Ordinary Club Wheat was Unch, ranging from 6-40 to 6-75. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for March were up 8 ½, ranging from 7-15 to 7-35. Soft white wheat of Ordinary Protein for March was Unch, ranging from 6-50 to 6-70. DNS wheat with 14 % protein, prices for March were up 8 ¼, ranging from 6-92 to 7-02.
Strength In The Beef Market
Thursday Dec 17th, 2020
McGathey “ .”
Chicago Soft Red Winter Wheat prices for March closed the day dn 1 ¼, to finish at 598 ½. March. Corn up 2 ½, to close at 427 ¼. Kansas City Hard Red Winter Wheat prices for March. were dn 4 ½, to settle at 566.
Portland prices for Ordinary Club Wheat was Unch, ranging from 6-40 to 6-75. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for March were dn 4 ½, ranging from 7-06 ½ to 7-26 ½. Soft white wheat of Ordinary Protein for March was Unch, ranging from 6-50 to 6-70. DNS wheat with 14 % protein, prices for March were dn ¾, ranging from 6-83 ¾ to 6-93 ¾.
Soybean Exports Booming
Shellady “ .”
Chicago Soft Red Winter Wheat prices for March closed the day up 3 ¼, to finish at 599 ¾. March. Corn up ¾, to close at 424 ¾. Kansas City Hard Red Winter Wheat prices for March. were up 3 ¾, to settle at 566.
Portland prices for Ordinary Club Wheat was Unch, ranging from 6-40 to 6-75. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for March were up 3 ¾, ranging from 7-11 to 7-31. Soft white wheat of Ordinary Protein for March saw a mixed market, up 17 and dn 5, ranging from 6-50 to 6-70. DNS wheat with 14 % protein, prices for March were up 12 - 2, ranging from 6-84 ½ to 6-94 ½.
Wheat Rally Wiped Out This is Matt Rice with today’s Market Line Report for Tuesday. Most of the gains we saw last week in the Wheat market were wiped out with yesterday’s retreat, but overall still in good shape. Virginia McGathey with the CME Group, shares her input on the Wheat Market.
McGathey “ .”
Chicago Soft Red Winter Wheat prices for May. closed the day dn 18, to finish at 596 ½. March. Corn up ½, to close at 424. Kansas City Hard Red Winter Wheat prices for March. were dn 19, to settle at 562 ¼.
Portland prices for Ordinary Club Wheat was up Unch, ranging from 6-40 to 6-75. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for March were dn 19, ranging from 7-07 ¼ to 7-27 ¼. Soft white wheat of Ordinary Protein for March ended the day Unch, ranging from 6-33 to 6-75. DNS wheat with 14 % protein, prices for March were up 12 ½, ranging from 6-72 ½ to 6-92 ½.