Quiet End of Week in the Markets

I’m KayDee Gilkey with the Market Line Report for December 29, 2014.
It was a relatively quiet day in the markets on Friday. From the floor of the CME Group, Scott Shellady shares his observations of Friday’s markets.
Shellady: “Going away on a Friday after a shortened holiday week, after we’ve seen a very low, pathetic volumes very common. What I want the investors or at least the at home player to know is that don’t read too much into the market movements on days like today. There are some things we can glean from it, but at the end of the day a very quiet session can throw us a curve ball. But as we sat here today, wheat was off about 2 cents, corn up around 7 cents and beans up 17 to 18 cents. Corn took some solids from the bean market. Wheat has had a decent time of it as late so they really kind of ran out of steam here. High prices cure high prices in that wheat market. Beans and corn acted in tandem today with beans leading the way. There are some reasons that you may want to make an excuse for that rally. At the end of the day, take a step back and take a look at 40,000 feet high — this is just going to be a statistical white noise.”
Chicago March Wheat ended Friday down 3/4 of a cent at 6-10 and 3/4. March corn ended the day up 7 cents at 4-14 and 3/4
There were no new Portland prices reported on Friday.
February live cattle were up $1.90 on Friday at 162-47 and half. March Feeder cattle were down 82 and half cents at 211-90. January class III milk was down 14 cents at 15-75.