Cattle Market shows gains

I'm Matt Rice with the Market Line Report for August 17th. Today Gregg Sanders gives us an overview of last week's livestock market for the Northwest. According to Gregg, the cattle market showed some positive gains. Here's USDA's Gregg Sanders, with his analysis.

Sanders: "Here's the Northwest direct feeder cattle summary, for Friday August 14th, 2015. This week we had a little over 5,900 head of feeder cattle trade, compared to last Friday, feeder cattle were $7 - $8 higher. Trade was moderate with good demand. Steers medium large frame 1 and 2's, current FOB price, 850-900 lbs, $1.96-$2.05 in Oregon and Idaho. Feeder heifer's medium large frame, 1's current deliver price 850 lbs, $2.05- $2.05 50 delivered into Idaho."

Chicago September Wheat ended last week up 3 1/4 at 506 even. September corn ended Friday up 1/4 at 364 1/4. Portland prices for soft white wheat of ordinary protein for August, ended Friday up 3 1/4, at mostly 5.59 1/2.

Hard Red Winter wheat with 11 ½ % protein, prices for August New Crop were 4 1/2, at mostly 5.56 3/4. DNS wheat with 14 % protein, prices for August were up 1/4, at mostly 6-19 1/2. August live cattle closed last week down 12 ½ cents, at 148.72 1/2. August Feeder cattle were up 7 1/2 cents, at 214.10. September class III milk was down 9 cents, at 16-46.