Marketline Report for Thursday, February 14th
McGATHEY ... "Wheat also firmed up today, up three or four cents. The weather was hampering some of the logistics in the northern area with snow and sleet and rain in those plains and it was kind of bottling up some of the movements. So, that gave it a little bit of a shot in the arm, but we've become somewhat competitive when futures really pulled back so it gave us a little bit of export participation. That being said, we're still a little ways away from really having some serious movement here, but it does look pretty good. For a long time, we've had $5 as the benchmark for wheat, but we're comfortably above that and we're up over $5.20 so that really looks good for these markets here and the demand is continuing."
Chicago March Wheat prices closed yesterday up 2 ¼ at 521 ½
March Corn was up ½ at 379
Portland prices for soft white wheat of Ordinary Protein for Feb ended the day dnch ranging from 6-20 to 6-50 Hard Red Winter wheat with 11 ½ % protein, prices for Feb were up 2 ranging from 6-49 to 6-64 DNS wheat with 14 % protein, prices for Feb were up 2 ½ ranging from 6-74 ¾ to 6-84 ¾
Live Cattle for Feb were dn $.87 ½ at 126.00 Mar Feeder cattle are dn $.87 ½ to 143.62 ½ Feb Class III milk was dn .01 cents at 13.99