Weely Cattle Review

This is Matt Rice with the Market Line Report for June 3rd. The cattle market has been slowly regaining ground as we make our way into summer. Here's Gregg Sanders to explain more on last weeks National Slaughter cattle review from the USDA.

Sanders "National Slaughter cattle review for Thursday, June 2nd 2016. On Thursday negotiated cash trading of beef type cattle was at a standstill in the southern and northern plains. In the western corn belt, trading was mostly inactive on very light demand, not enough sales for a market trend. A few carcass based steers sold at $2. This week we had 1350 head of feeder cattle sold compared to last Friday."

Chicago July Wheat prices closed Friday up 10 ½, at 496. July corn ended the week up 2 ½, at 417 ¾. Portland prices for soft white wheat of 10 ½ % protein for June were steady, ranging from 5-34 to 5-58½. Hard Red Winter wheat with 11 ½ % protein, prices for June were up 4 ½, ranging from 5-45 ½ to 5-60 ½. DNS wheat with 14 % protein, prices for June were up 9 ¼ and, ranging from 6-28 ½ to 6-43 ½. June Live Cattle closed the week up 27 ½ cents, at 122.05. Aug Feeder cattle were also up 27 ½ cents, at 146.75. June class III milk was up 9 cents at, 13-16.