Grain Markets Down, Cattle Markets Up Friday

USDA Grain and Livestock Reporter Greg Sanders shares an update of the region’s last week’s cattle markets.

Sanders: “At the auctions this week, it was kinda light except for stocker cattle — guys trying to fill up their pasture needs for this summer. Things got pretty high out there — 6-weights all the way up to 2.20 for a few head and to 2.10 for the regular 6-weights going to grass. On the direct cattle with the corn markets and grain markets going lower on the futures market — everybody got bullish on it and are expecting to get $2 on their 600 to 650 weight calves for fall delivery. Then 850 to 900 pounders sold all all the way up to $171 this week for current delivery.”

Chicago July Wheat ended Friday down 4 cents at 6-74 and 1/4. July corn ended the day down 3/4 of a cent at 4-83 and 1/2.?Portland prices for soft white wheat were down 4 to 10 cents at mostly 7-49 and 1/2. White club wheat prices were down 4 to 10 cents at mostly 7-94 and 1/4. Hard Red Winter wheat with 11.5 percent protein prices were down 11 to 16 cents at mostly 8-42 and 3/4. DNS wheat with 14 percent protein prices were down 15 and 3/4 cents at mostly 8-72 and 1/4.?June live cattle were up 50 cents on Friday at 137-90. August Feeder cattle were up 90 cents at 193-32 and half. June class III milk was down 8 cents at 20-49.