Livestock Recap

This is Matt Rice with the Market Line Report for March 15th. Let's take a look at Fridays recap with the livestock market, as today's market is closed. Ted Siefried with Zaner Ag Hedge, covers more from the floor of the CME in Chicago.

Seifried "This is Ted Siefried, with Zaner Ag Hedge from the CME floor, talking about livestock today. We started today off very hot and heavy in the livestock, we were pushing higher in the cattle and feeder cattle markets. We were up really significantly early, and we saw some very good cash trade here today, $6 higher than what we saw last week. So that certainly added some strength to the market, however box beef prices were a little bit lighter than expected, down just a little from yesterday. So, we've cooled the market down just a little bit."

Chicago March Wheat ended the day up 1 ¾, at 473 ½. March corn ended the day up ¾, at 364 ½. Portland prices for soft white wheat of 10 ½ % protein for March were unch- up 3, ranging from 5-38 to 5-53 ¾. Hard Red Winter wheat with 11 ½ % protein, prices for March were up 6, ranging from 5-64 to 5-69. DNS wheat with 14 % protein, prices for March were up 6, ranging from 6-21 ¼ to 6-26 ¼. April Live Cattle closed yesterday dn 50 cents, at 139.25. March Feeder cattle were dn 35 cents, at 161.90. March class III milk was unch at 13-79.