Cattle Searching For Rally

This is Matt Rice with today’s Market Line Report for Monday. Markets were closed yesterday due to the Labor Day Weekend Holiday. Let’s go to Virginia McGathey with the CME Group to hear the recap.

McGathey “ .“

Chicago Wheat prices for Dec. closed Friday dn 3, to finish at 550 ¼. Dec. Corn up 4 ¼, to close the week at 358. Kansas City Hard Red Winter Wheat prices for Dec. were dn 3 ¼, to close at 472 ½.

Portland prices for Club Wheat of Ordinary protein ended the week Unch, ranging from 5-70 to 5-72. Hard Red Winter Wheat with 11 ½ percent Protein, prices for Oct. were dn 3 ¼, ranging from 6 -27 ½ to 6-32 ½. Soft white wheat of Ordinary Protein for Oct. ended the week Unch, ranging from 5-25 to 5-55. DNS wheat with 14 % protein, prices for Oct. were dn 4 ¾, ranging from 6-42 ½ to 6-67 ½.

Live Cattle for Oct. were up $.52 ½, closing at 104.45. Oct. Feeder cattle up $.17 ½, to finish the week at 138.50. Oct. Class III milk was dn $.07, at 18.89.