Live Cattle Push Higher

This is Matt Rice with today’s Market Line Report for Thursday. More optimism in the cattle market as live cattle futures set their sights on breaking into Oct. high’s. Let’s go to Virginia McGathey with the CME Group to hear more.

McGathey “ .”

Chicago Soft Red Winter Wheat prices for Dec. closed the day dn 10 ½, to finish at 598. Dec. Corn dn 5 ¾, to close at 417 ¼. Kansas City Hard Red Winter Wheat prices for Dec. were dn 7 ¼, to settle at 553 ½.

Portland prices for Club Wheat were Unch to up 5, ranging from 6-15 to 6-45. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for Jan. were dn 7, ranging from 7-07 ½ to 7-17 ½. Soft white wheat of Ordinary Protein for Jan. ended the day Unch to up 3, ranging from 6-15 to 6-28. DNS wheat with 14 % protein, prices for Jan. were dn 4 ¾, ranging from 6-92 ½ to 7-07 ½.

Live Cattle for Dec. were up $.52 ½, closing at 112.40. Jan. Feeder cattle were dn $.20, to finish the day at 140.20. Dec. Class III milk was dn $.89, at 18.92.