6-19 Marketline Report

I’m David Sparks filling in for KayDee Gilkey who is on special assignment at the Colorado Summer Cattlemen’s meetings with the Market Line Report for June 19, 2015. Rather mixed USDA report from grain markets on Thursday. From the floor of the CME Group, Oliver Sloup shares his observation of Thursday’s markets. Also Oliver’s take on what he calls the meat market. "It was a choppy session today across the board. Corn, soybeans, wheat, all a little bit mixed after beating export sales numbers this morning. Corn really rallied after yesterday’s melt down.” Also Oliver’s take on what he calls the meat market. “It was red across the board. It was not what traders wanted to see ahead of tomorrow's cattle on feed report.”

Chicago July Wheat ended Thursday down 3 and 1/5 cents at 4-87 and just over a 1/2. July corn ended the day down 1 and 1/5 cents at 3-58 on the nose. July hard red winter wheat was down as well seeing it lose a little over 7 cents closing on Thursday at 4-97-4. July milk lost 42 cents ending Thursday at 16-73??