Grain Rally Continues, Cattle and Milk Weaker
Robinson…”You've got Kansas City wheat today at a five-month high. You've got Chicago wheat at about a six-month high. If you look at Kansas City wheat and Chicago wheat, they are 70 cents off the bottom and a dollar off the bottom respectively. Now the risk is if these prices don't hold up. There's some hitch. But at the end of the day, it's given bull's a great two or three weeks here are great rally up and a, a great opportunity for our producers to hedge.”
Chicago March Wheat futures up $0.06 1/2 to $5.56 1/4.
March Corn closed up $0.02 to $3.90
Kansas City Hard Red Winter Wheat futures closed up $0.05 to $4.67.
Portland prices for soft white wheat of ordinary protein ended the day yesterday up $0.05 cents to $6.05.
Dark Northern Spring wheat prices for Dec were up another $0.01 ¾ between $6.12 to $6.32 for 14% protein.
Club Wheat of Ordinary Protein for Dec at yesterday’s close ranged from $6.05 to $6.40.
Live Cattle futures were down $0.95 to $126.30 on the February board. Jan Feeder Cattle down $0.10 to $145.15.
Class iii milk down again on Tuesdays close down $0.39 at $16.96.