Cattle Continue to Create Demand
McGathey “And Feeders were up again. They’re really leading the way. That month end rally, is supported by some technical buying but I think that there’s some surging there with the Sept. contract up at $1.46. The demand continues to come in and it certainly looks like there’s a lot of optimism in that market.”
Chicago Wheat prices for Sept. closed Friday up 1 ¾, to finish the week at 531 ¼.
Dec. Corn was up a ¼ of cent, at 327. Kansas City Hard Red Winter Wheat prices for Sept. were up 2 ½ to settle at $4.42 ½.
Portland prices for soft white wheat of Ordinary Protein for Aug. ended the day unch ranging from 5-70 to 5-75. Hard Red Winter Wheat with 11 ½ percent Protein, prices for Aug. were up 2 ½, ranging from 5-77 ½ to 5-92 ½. DNS wheat with 14 % protein, prices for Aug. were up 1, ranging from 6-09 to 6-24.
Live Cattle for Oct. were up $1.12 ½ at 107.87 ½. Sept. Feeder cattle were up $1.80, to finish the week at 146.22 ½. Aug. Class III milk was up 23 cents at 21.03.