Crop Production Report

I'm Matt Rice with the Market Line Report for October 12th. Yields and crop production looking promising as Gregg Sanders shares the grain report with the livestock market news.

Sanders- "Crop Production Report released Friday, October 9th 2015. Corn production is forecast down 5% from last year's record production, and down less than 1% from the September forecast. Based on the conditions as of October 1st, yields are expected to average up .5% from September forecast, but down 3 bushels from 2014. If realized this will be the 2nd highest yield and the 3rd largest production for the United States."

Chicago December Wheat ended last week down 2 1/4, at 508 1/4. December corn ended last week down 8 1/2, at 382 even. Portland prices for soft white wheat of ordinary protein for October, were down 2 ¼ to unchanged, ranging from 5-39 ¼ to 5-58 even. Hard Red Winter wheat with 11 ½ % protein, prices for October were down 3 1/4, ranging from 6-10 ½ to 6-25 1/4. DNS wheat with 14 % protein, prices for October were down 1 1/2, ranging from 6-44 12 to 6-69 1/2. October live cattle closed last week up 30 cents, at 131.47 1/2. October Feeder cattle were up $1.70, at 189.57 1/2. October class III milk was up 8 cents, at 15-77.