Cattle Trading Sideways

Cattle Trading Sideways

Matt Rice
Matt Rice
This is Matt Rice with today’s Market Line Report for Monday. Uncertainty in the cattle market Friday as markets came to a close, but overall the beef market seems to be holding strong. Here’s more from Virginia McGathey with the CME.

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.

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