Cattle Trading Sideways
McGathey “Today in the Livestock Market, cattle traded sideways. There’s demand worries surrounding the schools opening and are they going to open and close? I think the uncertainty just has the markets setting itself a little bit. The futures still remain though, towards the highs and still looks pretty strong right now. “
Chicago Wheat prices for Sept. closed the week dn 5 ¾, to finish the day at 501 ¼.
Dec. Corn was dn 3, to finish the week at 320 ¾. Kansas City Hard Red Winter Wheat prices for Sept. were dn 1 ¾ to close the day at 415 ½.
Portland prices for soft white wheat of Ordinary Protein for Sep. ended the week dn 5 to Unch, ranging from 5-55 to 5-64. Hard Red Winter Wheat with 11 ½ percent Protein, prices for Sept. were dn 1 ¾, ranging from 5-55 ½
to 5-65 ½. DNS wheat with 14 % protein, prices for Sept. were dn 1 ½, ranging from 5-89 ½ to 6-06 ½.
Live Cattle for Oct. were down $.52 ½, closing at 106.45. Sept. Feeder cattle dn $.75, to finish out the week at 145.12 ½. Sept. Class III milk was dn $.68, at 16.23.