Cattle Gaining Momentum
McGathey “The cash trade just keeps moving higher and pushing this market up, even though the volume has been a little bit low. So that’s something to watch, to see if the volume continues to slide I would think that maybe the market will not move as high as quickly. “
Chicago Wheat prices for Sept. closed the day dn 3 ¾, to finish at 491 ¼.
Dec. Corn was up 3 ¾, to finish the day at 327 ¼. Kansas City Hard Red Winter Wheat prices for Sept. were up 1, to close the day at 417 ¾.
Portland prices for soft white wheat for Sep. ended the day dn 3 ¾, to close at 4-91 ¼. Hard Red Winter Wheat with 11 ½ percent Protein, prices for Sept. were up 1, at 4-17 ¾. DNS wheat with 14 % protein, prices for Sept. were dn ½, to close yesterday at 4.92 ¼.
Live Cattle for Oct. were up $1.27 ½, closing at 109.57 ½. Sept. Feeder cattle up $1.32 ½, to finish yesterday at 147.95. Sept. Class III milk was dn $.06, at 16.29.