Market Line Report for Monday, December 23rd
Traders last week loved the announcement of phase one of the trade deal with China, but are uneasy with the lack of details. Overall markets were mixed on the week.
Taking a look back on last week’s market performance,
Chicago Wheat futures closed down $0.03 to $5.42 ¼ putting that market up $0.07 ¾ on the week.
March Corn closed up $0.01 1/4 to $3.87 ½. That market pretty quient closing up $0.04 on the week.
Kansas City Hard Red Winter Wheat futures closed up $0.01 ½ Friday at $4.62 ¼, bringing that market up $0.17 ¾ on the week.
Portland prices for soft white wheat of ordinary protein were unchanged on Friday. still ranging from $5.90 to $6.00.
Dark Northern Spring wheat prices for Dec Delivery were down $0.04 1/2 ranging from $6.66 ¾ to $7.11 ¾ for 14% protein.
Club Wheat of Ordinary Protein bids unchanged. Still ranging from $6.00 to $7.40.
Live Cattle futures were up $0.17 1/2 to $125.80 on the February board losing about $2 on the week. Jan Feeder Cattle were down another $0.45 to $144.27 ½. That market down $1.72 ½ on the week.
Class III milk was down just $0.04 on Fridy to $17.36. That market had a tough week last week down $0.64 from last Monday’s open.
Reminder that markets will be closed this W ednesday for the Christmas holiday.