Stronger Cattle Market

This is Matt Rice with today’s Market Line Report for Thursday. Cattle seem to be making their way off the bottom of the market as Feeders close higher 3 days in a row now. Let’s go to Virginia McGathey with the CME Group as she shares more.

McGathey“ .”

Chicago Wheat prices for Dec. closed the day dn 7, to finish at 608 ¾. Dec. Corn dn 14 ½, to close at 401 ½. Kansas City Hard Red Winter Wheat prices for Dec. were dn 6, to settle at 543 ¼.

Portland prices for Club Wheat were dn 2 - Unch, ranging from 6-00 to 6-20. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for Jan. were dn 6 ¼, ranging from 6-95 to 7-00. Soft white wheat of Ordinary Protein for Jan. ended the day Unch – dn 15, ranging from 5-90 to 6-10. DNS wheat with 14 % protein, prices for Jan. were dn 13 ¾ - 8 ¾, ranging from 6-84 ¾ to 6-99 ¾.

Live Cattle for Dec. were up $.62 ½, closing at 104.67 ½. Jan. Feeder cattle were up $1.52 ½, to finish the day at 129.95. Nov. Class III milk was up $.56, at 22.93.