Continued Higher Wheat Prices

I’m KayDee Gilkey with the Market Line Report for November 17, 2014.
Reporting on last week’s regional cattle markets, USDA Grain and Livestock Reporter Greg Sanders shares
Sanders: “Northwest direct cattle we had 1600 head trade this week compared to last week. Feeder cattle were firm in a light test. Trade was slow with feedlots trying to cope with a report of 15 to 20 percent death loss with newly arriving calves. 650 weight steers sold for $245 current FOB. 875 pound steers for February-March sold at $225 FOB. Feeder Holsteins large 2 to 3s 300 to 350 pounds value added sold for $295 current FOB.”
Chicago December Wheat ended Friday up 6 and 3/4 cents at 5-60 and 1/2. December corn ended the day down 4 and 1/2 cents at 3-81 and 3/4.
Portland prices for soft white wheat were steady to down 8 and 1/4 cents at mostly 7-09 and 3/4. White club wheat prices were steady to up 6 and 3/4 cents at mostly 9-56 and 1/4. Hard Red Winter wheat with 11.5 percent protein prices were mixed down 4 and 3/4 to up a 1/4 of a cent at mostly 7-48 and 1/2. DNS wheat with 14 percent protein prices were up 5 to 20 cents at mostly 9-45 and 1/4.
December live cattle were up 55 cents on Friday at 170-20. January Feeder cattle were up $1.90 at 236-12 and half. December class III milk was up 15 cents at 18-85.