Cattle Hold Steady

This is Matt Rice with today’s Market Line Report for Monday. More liquidation in the cattle market as Live and Feeder cattle grasping to stay above 6 month lows. Let’s check in with Virginia McGathey with the CME Group to hear more.

McGathey“ .”

Chicago Wheat prices for Dec. closed the day up 10, to finish at 632 ¾. Dec. Corn up 3, to close at 419 ¼. Kansas City Hard Red Winter Wheat prices for Dec. were up 9 ½, to settle at 569 ¾.

Portland prices for Club Wheat were Unch, closing at 6-20. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for Jan. were up 8 ½, ranging from 7-21 ½ to 7-26 ½. Soft white wheat of Ordinary Protein for Jan. ended the day Unch, ranging from 5-90 to 6-30. DNS wheat with 14 % protein, prices for Jan. were up 4 ¼, ranging from 7-12 to 7-22.

Live Cattle for Dec. were up $.10, closing at 103.57 ½. Jan. Feeder cattle were dn $.65, to finish the day at 125.55. Nov. Class III milk was up $.75, at 22.19.