Stronger Beef Market

This is Matt Rice with today’s Market Line Report for Tuesday. Stronger Cattle prices yesterday as commercial buying and a weaker dollar continues to build a better market. Let’s go to Virginia McGathey with the CME Group to hear the details.

McGathey “ ...”

Chicago Wheat prices for Dec. closed yesterday up 3 ¾, to finish at 545 ¾. Dec. Corn up 1, to close the day at 369 ½. Kansas City Hard Red Winter Wheat prices for Dec. were up 2 ¼, to close at 473 ½.

Portland prices for Club Wheat of Ordinary protein was dn 5 to 2, ranging from 5-65 to 5-70. Hard Red Winter Wheat with 11 ½ percent Protein, prices for Oct. were up 2 ¼ to 17 ¼, ranging from 6-28 ½ to 6-48 ½. Soft white wheat of Ordinary Protein for Oct. ended the day Unch, ranging from 5-25 to 5-50. DNS wheat with 14 % protein, prices for Oct. were mixed up 33 ¼ and dn 1 ¾, to settle at 6-65 ½.

Live Cattle for Dec. were up $1.80, closing at 111.70. Oct. Feeder cattle up $2.02 ½, to finish the day at 142.60. Oct. Class III milk was up $.02, at 19.23.