Strong Cattle Markets Continue Across the PNW

While cattle markets remain strong, July wheat was a big loser in May. It was down 24 cents last on week but down 93 cents for the month’s trade.USDA’s Grain and Livestock Reporter Greg Sanders gives an update on the region’s cattle market.
Sanders: “Well they are still contracting calves out pretty heavily for fall. There are quite a few that sold weighing in the light 600s at $203 to $208 for October and November delivery. And the corn market keeps going down. Everybody is still pretty bullish on the market still — yearlings are trading right along. Even guys that were bid $203 on their 6-weights no saled them because they think it is going to go higher.”
Chicago July Wheat ended Friday down 5 and 1/4 cents at 6-27 and 1/4. July corn ended the day down 3 and 3/4 cents at 4-65 and 3/4.
Portland prices for soft white wheat were down a 1/4 of a cent to 10 cents at mostly 7-19 and 3/4. White club wheat prices were had no price comparisons. Hard Red Winter wheat with 11.5 percent protein prices were down 7 and 1/2 to 17 and 1/2 cents at mostly 8-even. DNS wheat with 14 percent protein prices were mixed down 8 to up 2 cents at mostly 8-37 and 1/2.
August live cattle were down 57 and half cents on Friday at 138-60. August Feeder cattle were unchanged at 197-05. July class III milk was up 38 cents at 20-62.