Stronger Dollar, Lower Grain Prices on Friday

I’m KayDee Gilkey with the Market Line Report for May 25, 2015.
Stronger dollar on Friday sent grain markets lower. USDA Grain and Livestock Reporter Greg Sanders gives an update of last week’s regional cattle market.
Sanders: “Northwest direct cattle this week, we had 2,500 head trade. Compared to last Friday, feeder cattle were steady to $4 higher in a light test. Trade is slow on contracting fall delivery as most interests didn’t not receive a bid this week. Demand is light on calves for fall delivery and good demand for yearlings. The WTO has ruled against U.S. labels on packaged steaks and other cuts of meat that says where the animals were born, raised and slaughtered 850 to 900 pounds $191 to $197 in Idaho.”
Chicago July Wheat ended Friday down 6 and 3/4 cents at 5-15 and 1/4. July corn ended the day down a nickel at 3-60.
Portland prices for soft white wheat of ordinary protein were steady to down 6 and 1/2 cents for August delivery of new crop ranging between 5-85 and 6-23. White Club wheat of ordinary protein had no nearby price comparisons. May delivery of Hard Red Winter wheat with 11.5 percent protein prices were down 11 and 1/4 cents at mostly 6-36 and 1/2. DNS wheat with 14 percent protein prices were down 9 and 1/2 cents at mostly 7-66 and 3/4.
June live cattle were down 25 cents on Friday at 152.12 and half. August Feeder cattle were up $1.27 and half at 219-even. June class III milk was down 12 cents at 16-47.