Wheat Markets Closed Mixed on Friday

Wheat Markets Closed Mixed on Friday

I’m KayDee Gilkey with the Market Line Report for June 23, 2014.
Wheat markets were mixed on Friday. USDA Grain and Livestock Market Reporter Greg Sanders shares how the region’s cattle markets are faring.
Sanders: “Cattle market was still high this week — especially on cows at the sale barns. Calves were $3 to $5 higher this week. And in the 7-weights, they had some on the video on Monday and they sold up to $209 weighing 760 so everything is pretty bullish on the feeder cattle market — especially for fall delivery. Markets really in good shape —even though the futures market on Wednesday was limit down to came back yesterday.”
Chicago September Wheat ended Friday down 9 and 1/4 cents at 5-93 and 1/4. September corn ended the day up 4 cents at 4-48 and 1/4.
Portland prices for soft white wheat were mixed down 8 and 1/4 to up 1 and 1/2 cents at mostly 7-01 and 3/4. White club wheat prices were mixed down 8 and 1/4 to up 15 cents at mostly 7-38 and 1/2. Hard Red Winter wheat with 11.5 percent protein prices were down 9 to 12 cents at mostly 8-07 and 3/4. DNS wheat with 14 percent protein prices were down 12 and 1/2 cents at mostly 8-44 and 1/2.
August live cattle were down $1.15 on Friday at 146-32 and half. August Feeder cattle down 67 and half cents at 206-87 and half. July class III milk was down 6 cents at 21-55.

 

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