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Tommy Allen Markets
by Tommy Allen, click here for bio

Program: Market Line
Date: March 16, 2017

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Wednesday saw a big cash squeeze in the livestock market as it is heading to a bearish market. From the floor of the CME Group, Todd Horwitz says.

Horwitz: “ Chicago markets, May wheat prices closed the day up a dime, at 4-35. Chicago May Corn prices were up at 3-63 1/2.

Portland prices for Soft White Winter Wheat of ordinary protein were up a dime, ranging from 4-56 to 4-71.

August New Crop Hard Red Winter Wheat with 11.5 % protein, were ranging from 5-33 3/4 to 5-48 3/4.

DNS Wheat with 14 % protein for August, were ranging from 6-67 ¼ to 6-72 ¼.

June Live Cattle finished up at 108.17. May Feeder cattle were at $1.2785. April class III milk was down 33 at 15-18.

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