Cattle Continue to Struggle This is Matt Rice with today’s Market Line Report for Wednesday. Cattle continue to struggle as prices retreat once again, having a difficult time competing with the grain rally. Here’s Virginia McGathey with the CME Group to share more.
Chicago Soft Red Winter Wheat prices for July closed the day up 13 ¾, to finish at 675. July Corn was up 14 ½, to close at 606 ½. Kansas City Hard Red Winter Wheat prices for July were up 9 ¾, to settle at 637 ¾.
Portland prices for Ordinary Club Wheat were Unch, ranging from 6-70 to 7-05. Soft white wheat of Ordinary Protein for July was Unch, ranging from 6-70 to 7-00. Hard Red Winter Wheat with 11 ½ percent Protein, for June were up 9 ¾, ranging from 7-52 ¾ to 7-57 ¾. DNS wheat with 14 % protein, prices for June were up 9 ¼, ranging from 7-95 ¼ to 8-05 ¼.
Corn Eye s $6 Mark
Wednesday Apr 21st, 2021 This is Matt Rice with today’s Market Line Report for Wednesday. The Corn market continues to be an impressive comeback story, as traders and producers alike eagerly focus on the $6 mark. Let’s go to Scott Shellady with the CME Group to hear more.
Chicago Soft Red Winter Wheat prices for July closed the day up 7 ½, to finish at 661 ¼. July Corn was up 11 ½, to close at 592. Kansas City Hard Red Winter Wheat prices for July were up 9 ¼, to settle at 628.
Portland prices for Ordinary Club Wheat were Unch, ranging from 6-70 to 7-05. Soft white wheat of Ordinary Protein for July was Unch – dn 1, ranging from 6-70 to 7-00. Hard Red Winter Wheat with 11 ½ percent Protein, for June were up 9 ¼, ranging from 7-43 to 7-48. DNS wheat with 14 % protein, prices for June were up 4 ½, ranging from 7-86 to 7-96.
Cattle Trending Lower This is Matt Rice with today’s Market Line Report for Tuesday. Cattle struggle once again as prices shift lower, consumer demand not enough to combat higher feed prices. Let’s go to Virginia McGathey with the CME Group to hear more.
Chicago Soft Red Winter Wheat prices for July closed the day dn 1 ¼, to finish at 653 ¾. May Corn was up 6 ½, to close at 592. Kansas City Hard Red Winter Wheat prices for July were up 2 ½, to settle at 618 ¾.
Portland prices for Ordinary Club Wheat were Unch, ranging from 6-70 to 7-05. Soft white wheat of Ordinary Protein for June was Unch, ranging from 6-70 to 6-80. Hard Red Winter Wheat with 11 ½ percent Protein, for June were up 2 ½, ranging from 7-33 ¾ to 7-38 ¾. DNS wheat with 14 % protein, prices for May were up ¼, ranging from 7-84 ½ to 7-89 ½.
Cattle Finish Weaker This is Matt Rice with today’s Market Line Report for Monday. Cattle lower for the 5th day in a row to finish the week, while box beef prices remain storng. Let’s go to Joe Vaclavik’s podcast “Grain Markets & Other Stuff” to hear the details.
Chicago Soft Red Winter Wheat prices for July closed the day dn ½, to finish at 655. May Corn was dn 4 ½, to close at 585 ½. Kansas City Hard Red Winter Wheat prices for July were up 1, to settle at 616 ¼.
Portland prices for Ordinary Club Wheat were Unch, ranging from 6-70 to 7-05. Soft white wheat of Ordinary Protein for June was Unch, ranging from 6-70 to 6-80. Hard Red Winter Wheat with 11 ½ percent Protein, for June were up 1, ranging from 7-31 ¼ to 7-36 ¼. DNS wheat with 14 % protein, prices for June were Unch, ranging from 7-86 ¼ to 7-91 ¼.