Feeders Firm Up

This is Matt Rice with today’s Market Line Report for Tuesday. Feeder cattle firming up after a week of doom and gloom, traders hoping for more optimistic numbers to come throughout the week. Let’s check in with Virginia McGathey with the CME Group to hear more.

McGathey“ .”

Chicago Wheat prices for Dec. closed the day dn 12 ¾, to finish at 620. Dec. Corn dn 1 ½, to close at 417 ¾. Kansas City Hard Red Winter Wheat prices for Dec. were dn 17 ¾, to settle at 552.

Portland prices for Club Wheat were Unch, closing at 6-20. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for Jan. were dn 17, ranging from 7-04 ½ to 7-09 ½. Soft white wheat of Ordinary Protein for Jan. ended the day Unch dn 5, ranging from 5-90 to 6-25. DNS wheat with 14 % protein, prices for Jan. were dn 12 ¼, ranging from 6-99 ¾ to 7-09 ¾.

Live Cattle for Dec. were dn $.17 ½, closing at 103.40. Jan. Feeder cattle were up $1.22 ½, to finish the day at 126.77 ½. Nov. Class III milk was up $.57, at 22.76.