Feeder Cattle Find Their Groove
Friday Dec 25th, 2020 This is Matt Rice with today’s Market Line Report for Friday. The Cattle market continues to roll with the punches as feeder prices finding their groove over the holidays. 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 up 12 ¾, to finish at 629 ¾. March Corn up 3 ¾, to close at 447 ¼. Kansas City Hard Red Winter Wheat prices for March. were up 8 ¾, to settle at 588.
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 ¾, ranging from 7-33 to 7-53. 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 ½, ranging from 7-05 to 7-15.
Optimism In Beef
McGathey “ .”
Chicago Soft Red Winter Wheat prices for March closed the day up 3, to finish at 611 ¼. March. Corn up 2 ½, to close at 440. Kansas City Hard Red Winter Wheat prices for March. were up 5 ¼, to settle at 574 ½.
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 5 ¼, ranging from 7-19 ½ to 7-39 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 up 1 ¾, ranging from 6-95 ¼ to 7-05 ¼.
Live Cattle for Feb. were dn $.20, closing at 114.65. March Feeder cattle were up $.82 ½, to finish the day at 143.12 ½. Feb. Class III milk was up $.01, at 16.45.
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.