Uncertainty in Cattle Market

Uncertainty in Cattle Market

Matt Rice
Matt Rice
This is Matt Rice with today’s Market Line Report for Tuesday. The Cattle market continues to climb, but uncertainty has traders questioning their next move. Virginia McGathey with the CME Group shares more.

McGathey “ .”

Chicago Wheat prices for Dec. closed the day up 11, to finish at 584 ¼. Dec. Corn dn ¼, to close at 379 ½. Kansas City Hard Red Winter Wheat prices for Dec. were up 14 ¾, to close at 521 ¼ .

Hard Red Winter Wheat with 11 ½ percent Protein, prices for Nov. were up 14 ¾, ranging from 6-79 ¼ to 6-99 ¼. Soft white wheat of Ordinary Protein for Dec. ended the day Unch to up 11, ranging from 5-65 to 5-90. DNS wheat with 14 % protein, prices for Nov. were up 3 ¾, ranging from 6-55 ½ to 6-80 ½.

Live Cattle for Dec. were up $.65, closing at 111.75. Nov. Feeder cattle were up .05, to finish the day at 139.92 ½. Oct. Class III milk was up $.45, at 20.63.

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