Cattle Finish The Year Strong

This is Matt Rice with today’s Market Line Report for Tuesday. Live and Feeder Cattle finish the year strong, as they reach 3-5 month highs to start the new year off on the right foot. Let’s go to Virginia McGathey with the CME Group to hear more.

McGathey “ .”

Chicago Soft Red Winter Wheat prices for March closed the day dn 12 ¾, to finish at 614 ¼. March Corn up 5 ½, to close at 456 ½. Kansas City Hard Red Winter Wheat prices for March. were dn 12, to settle at 577.

Portland prices for Ordinary Club Wheat was Unch, ranging from 6-40 to 6-75. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for March were dn 11, ranging from 7-22 to 7-42. Soft white wheat of Ordinary Protein for March was Unch, ranging from 6-50 to 6-70. DNS wheat with 14 % protein, prices for March were dn 3 ¼, ranging from 7-01 ¾ to 7-11 ¾.

Live Cattle for Feb. were up $.80, closing at 115.77 ½. March Feeder cattle were up $.27 ½, to finish the day at 142.60. Feb. Class III milk was up $.04, at 17.73.