Cattle Bounce Stronger This is Matt Rice with today’s Market Line Report for Monday. Live and Feeder Cattle bounce back stronger to end the week, as Wheat makes a solid run. Virginia McGathey with the CME Group, shares her input on the beef market.
McGathey “ .”
Chicago Soft Red Winter Wheat prices for May. closed the day up 16 ¾, to finish at 614. March. Corn up 2 ¼, to close at 423 ½. Kansas City Hard Red Winter Wheat prices for March. were up 17 ¾, to settle at 581 ¼.
Portland prices for Ordinary Club Wheat was up 15- Unch, ranging from 6-40 to 6-75. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for March were up 17 ¾, ranging from 7-26 ¼ to 7-46 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 April were up 7 ½, ranging from 6-83 ¼ to 7-13 ¼.
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Corn Sitting Solid
Vaclavik “ .”
Chicago Soft Red Winter Wheat prices for March. closed the day dn 4, to finish at 584 ½. March. Corn up 2 ¾, to close at 426 ½. Kansas City Hard Red Winter Wheat prices for March. were dn 4, to settle at 549 ¾.
Portland prices for Ordinary Club Wheat was Unch, ranging from 6-25 to 6-45. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for March were up 1, ranging from 6-94 ¾ to 6-99 ¾. Soft white wheat of Ordinary Protein for March ended the day Unch, ranging from 6-20 to 6-45. DNS wheat with 14 % protein, prices for March were dn 2 ½, ranging from 6-68 ½ to 6-98 ½.