Weekly Feeder Report

I'm Matt Rice with the Market Line Report for November 16th. Feeder cattle trade has been slow with light demand as cattle prices continue to drop. Here's Gregg Sanders with the weekly national feeder cattle summary.

Sanders- "Thank you and good morning everyone, here's the National Slaughter cattle review for Friday November, 13th 2015. On Thursday, trading was mostly inactive on light demand in all feeding regions, not enough sales for a market test this week. A little over 800 head trade, slaughter steers on a live basis, mostly choice, sold from $1.27 to $1.32."

Chicago December Wheat ended last week dn 2 1/4, at 495 1/2. December corn ended last week dn 3 3/4, at 358 1/4. Portland prices for soft white wheat of ordinary protein for Nov, were dn 2 1/4, ranging from 4-95 3/4 to 5-50 even. Hard Red Winter wheat with 11 ½ % protein, prices for Nov. were up 1 3/4, ranging from 5-65 1/2 to 5-80 1/2. DNS wheat with 14 % protein, prices for Nov. were dn 1, ranging from 6-09 1/4 to 6-54 1/4. Dec. live cattle closed last week dn $2.97 1/2, at 130.17 1/2. Nov. Feeder cattle were dn 65 cents, at 174.72 1/2. Nov. class III milk was down 2 cents, at 15-41.