Market Update

This is Matt Rice with the Market Line Report for Nov. 16th. Stock traders continue to crunch numbers after the election, prices in the green all across the boards in cattle and grains today. Let's check in with Jack Bouroudjian with the CME as he discusses how markets will react to these new changes.

Bouroudjian "Hi, welcome to market update for Nov. 15th, 2016. Well what a difference one week will make for the market. One week ago we were talking about a market a Hillary victory and or a sweep of congress, now things have completely changed. Not only has the election itself changed, the answer that comes out of the election over the course of the next few months."

Chicago May Wheat prices closed the day up 6, at 431 ¾. May corn ended the day up 4, at 356 ¾. Portland prices for soft white wheat of Ordinary Protein for March ended the day up 11 ¼ - 6 ¼, ranging from 4-63 ¾ to 4-83 ¾. Hard Red Winter wheat with 11 ½ % protein, prices for March were up 5, ranging from 5-00 ½ to 5-15 ½. DNS wheat with 14 % protein, prices for March were up 2 ¼, ranging from 6-18 to 6-36. April Live Cattle were up 72 ½ cents, at 106.97 ½. March Feeder cattle were up 32 ½ cents, at 118.92 ½. Jan. class III milk was up 14 cents at 16-02.