Mixed Livestock Markets

I'm Matt Rice with the Market Line Report for Thursday October 15th. We had mixed prices in today's livestock market, we're seeing more selling pressure but not a lot of activity yet. Todd Horwitz shares her thoughts with us from the floor of the CME.

Horwitz- "Wednesdays livestock, fairly mixed markets, pressure not pressure. We've got cashing coming up, we've got October turning into cash. End of the day, nothing is really changed to the opinion of the market. You can see that out into the future, we're seeing more selling pressure. These markets are going to work there way lower in both live and feeder cattle. You still look at $1.88 - $1.87 in feeders."

Chicago December Wheat ended yesterday down 10 3/4, at 507 3/4. December corn ended yesterday down 5 1/2, at 378 1/2. Portland prices for soft white wheat of ordinary protein for October had a mixed market, down 10 ¾ & up 4, ranging from 5-38 1/4 to 5-59 even. Hard Red Winter wheat with 11 ½ % protein prices for October were down 10 ¼, ranging from 6-10 ¾ to 6-20 3/4. DNS wheat with 14 % protein, prices for October were down 10 1/4, ranging from 6-41 to 6-60. October live cattle closed yesterday up $1.30, at 133.72 1/2. October Feeder cattle were up $1.35, at 191.05. October class III milk was down 7 cents, at 15-65.