Climate Change Could Bolster Livestock.

Climate Change Could Bolster Livestock. I’m Greg Martin. This is Market Line.

Market Line December 2, 2009

A new government study set to be released next week will show that most U.S. farmers would profit substantially if a climate-change bill approved by the U.S. House of Representatives were to be made law, U.S. Department of Agriculture Secretary Tom Vilsack said Wednesday.

VILSACK: Livestock producers are also in a position to fully utilize the offset of a portion of climate change legislation. And that is often not appreciated at all by the livestock community and by those who maybe opposed to this legislation. There are tremendous opportunities that will if fully embraced I think will assist livestock operators in making sure they remain profitable.

On Wednesday Chicago March wheat Down 8 at 576

March corn closed off 8 at 406 1/2

Portland soft white wheat 5.15 to 5.25

Club wheat mostly mostly 7.53 ranging 7 to 8.05

DNS 14% protein mostly 7.07

February live cattle closed down 55 at 84.275

January feeders closed up 475 at 93.950

January Class III milk closed down .16 at 14.81

I’m Greg Martin and that’s Market Line on the Northwest Ag Information Network.