Market Line Report for Monday, December 16th
Chicago Soft Wheat opened last week at $5.23 ½ and ended the week closing Friday at $5.32 ½ up $0.02 ¼ on the day and up $0.09 on the week.
Live cattle with an impressive finish to the week up $2.45 on Friday to $127.55. That’s puts that market in the green for the week up from $125 Monday morning.
Feeder Cattle also back up Friday posting a $3.12 1/4 rally to close the week at $145.67 ½. That market is up over $4 on the week.
Class III Milk Futures down $0.21 on Friday to end the week at $18.03. That market lost $0.64 net last week since it’s open last Monday morning at $18.67.
On the cash side, Portland prices for soft white wheat of ordinary protein closed unchanged Friday with bids ranging from $5.90 - $5.97.
Hard Red Winter Wheat with 11.5% protein also unchanged with bids ranging from $5.87 ¾ - $6.12 ¾.
Dark Northern Spring climbed another $0.02 ¾ Friday. Bids ranged from $6.55 ¾ - $7.00 ¾ for 14% protein.
And December White Club Wheat of ordinary protein sat unchanged Friday after the drop last week. Bids now range from $5.97 - $6.40.