Another Down Day in Cattle Markets

I’m KayDee Gilkey with the Market Line Report for August 11, 2014.
Friday’s corn and wheat markets ended lower. Next Tuesday the USDA will release its monthly supply and demand report which may included higher spring wheat projections. Russian sanctions weighed heavily on the cattle market. USDA reporter Robert Eaton gives an update on last week’s regional cattle market
Eaton: “Direct cattle feeder sales the trade is light to moderate with good demand. Prices were mixed 600 to 800 pound steers were steady to five higher. 900 pound steers were steady to about five lower. While 500 to 700 pound heifers remained steady and 800 to 900 pound heifers were about five to ten higher.”
Chicago September Wheat ended Friday down 12 and 1/4 cents at 5-49 and 1/4. September corn ended the day down 7 and 3/4 cents at 3-51 and 3/4.
Portland prices for soft white wheat were mixed down 12 and 1/4 to up 3 and 1/2 cents at mostly 6-80 and 3/4. White club wheat prices were down 7 and 1/4 to 12 and 1/4 cents at mostly 7-63 and 3/4. Hard Red Winter wheat with 11.5 percent protein prices were down 17 cents at mostly 7-24 and 1/4. DNS wheat with 14 percent protein prices were down 15 and 3/4 cents at mostly 7-98 and 3/4.
October live cattle were down limit down on Friday at 150-even. September Feeder cattle were limit down $3.00 at 214-72 and half. September class III milk was down 22 cents at 21-54.