Potential Hog Virus On Watch

I'm Matt Rice with the Market Line Report for Jan 15th. We are seeing a similar "yo-yo" effect in the cattle market today. In the Midwest there has been talk of a PED swine virus outbreak, producers will want to keep an eye on this issue as it develops. We go to Oliver Sloup with more on this topic, from the floor of the CME.

Sloup- "There have been some whispers of PED virus throughout the Midwest, that's going to be something to keep a very close eye on. If that spreads and develops into a bigger situation, we could see a bigger bid come into the market. Those are things we're looking at, that's what you should be looking at too. This has been Oliver Sloup with II Trader, from the floor of the CME."

Chicago March Wheat prices ended the day dn 9 1/4, at 468 1/2. March corn ended yesterday unchanged, prices steady at 357 3/4. Portland prices for soft white wheat of ordinary protein for Jan. were dn 1 1/4, ranging from 5-28 ¾ to 5-30. Hard Red Winter wheat with 11 ½ % protein, prices for Jan. were dn 7 1/2, ranging from 5-53 1/2 to 5-63 1/2. DNS wheat with 14 % protein, prices for Jan. were dn 7 1/2, ranging from 5-97 1/2 to 6-17 1/2. Feb. live cattle closed the day dn $1.82 1/2, at 130.27 1/2. Jan. Feeder cattle were dn $1.87 ½, at 158.90. Jan. class III milk was up a penny, at 13-75.