Marketline Report for Thursday, September 28th
Vaclavik ... "Boxed beef market has bounced this week. We saw a couple dollar improvement on Monday. We saw the same thing here at midday on Tuesday. So, the boxed beef market finally finding some footing here after what had been a pretty sharp collapse. I'd like to see that choice boxed market up above $200 again to kind of signal that maybe we've put in some low here big picture. Moving forward, the trade will be interested in the cash cattle trade this week. We've got the Fed Cattle Exchange on Wednesday. We'll see what transpires here in the country later in the week. I think most areas traded $108 last week so we'll see if can improve on that despite that bearish cattle on-feed report. Again, Joe Vaclavik from CME Group here in Chicago."
Chicago Dec Wheat prices closed yesterday up 7 ¾ at 461
December corn was up 1 ¾ at 353 ¾
Portland prices for soft white wheat of Ordinary Protein for October ended the day up 7 ¾ ranging from 5-36 ½ to 5-45 Hard Red Winter wheat with 11 ½ % protein, prices for September were up 6 ¾ ranging from 5-79 to 6-14 DNS wheat with 14 % protein, prices for September were up 3 ¾ ranging from 7-59 ¾ to 7-79 ¾
Live Cattle for Oct were up $.30 at 108.67 ½ Sept Feeder cattle are up $1.82 ½ to 152.50 Sept Class III milk was dn .01 cents at 16.37