PNW Cattle Market Held Strong Last Week

The Pacific Northwest cattle market continued with strong prices last week. USDA Grain and Livestock Reporter Greg Sanders shares an regional overview from last week’s cattle markets.Sanders: “Well, things were pretty active again this week. Got six-weight steers got all the way up to $2 for fall delivery. Cows rebounded again yesterday too. Cows are still up there like at the top of $106 per hundred weight. Everything is looking pretty good. Yea, there is a lot being sold, especially on the calf contract — everybody’s getting pretty ambitious there are still some holdouts — cuz everybody is bullish on this market — but they are still selling them. These are the highest prices they’ve ever received — so nobody is turning them down very much.”Chicago July Wheat ended Friday down 12 and 3/4 cents at 7-22 and 1/2. July corn ended the day down 9 cents at 5-07 and 1/2.Portland prices for soft white wheat were down 10 to 12 and 3/4 cents at mostly 7-88 and 1/4. White club wheat prices were down 12 and 3/4 cents at mostly 8-33 and 1/4. Hard Red Winter wheat with 11.5 percent protein prices were down 13 and 3/4 cents at mostly 9-21 and 3/4. DNS wheat with 14 percent protein prices were down 10 and 1/2 cents at mostly 9-25 and 1/4. June live cattle were up 12 and half cents on Friday at 138-05. August Feeder cattle were up $1.10 at 191-37 and half. June class III milk was down 46 cents at 21-23.