Cattle Market Report

I’m Matt Rice with the Market Line Report for August 10th. Greg Sanders gives us the update from the weekly Northwest cattle market. Here’s Sander with his usda report.

 

Sanders: “This week we had 5,200 head trade compared to last Friday. Feeder cattle were 6 to 8 lower as feed lot stayed cautious buyers. Feeder steers medium large frame, 1 & 2’s current F.O.B price 750 -800 lbs. $2.06 in Idaho, 900 lbs, $1.88 in Oregon. Feeder heifers, medium large frames 1 & 2’s current F.O.B. price, 700-750 lbs. $1.98 in Oregon, 800 lbs $2.00 value added in Washington 800 lbs $1.83 in Oregon. National slaughter cattle review for Thursday, August 6th 2015 trading was inactive in all major feeding regions online demand.”

Chicago September Wheat ended up 3 & 1/4 at 5-10 and 1/4. September corn ended the day up 3 at 3-73 even. Portland prices for soft white wheat of ordinary protein for September, ended the day up 3 & 1/2, at mostly 5.58 and 1/2. Hard Red Winter wheat with 11 ½ % protein, prices for September were up 3 and 1/2, mostly 5-63. DNS wheat with 14 % protein, prices for September were up 6 & 1/2 ranging between 6-05 and 6-25. August live cattle closed last week down ¾ at 149.65. August Feeder cattle were down 95 cents at 214.25. August class III milk was down 4 cents, at 16-47.