First Week Wrap Up

This is Matt Rice with today’s Market Line Report for Monday. Uncertainty in the beef complex as traders wrap up the first week of the new year. Virginia McGathey with the CME Group shares more.

McGathey “ .”

Chicago Soft Red Winter Wheat prices for March closed the day dn 3 ½, to finish at 638 ¾. March Corn was up 2 ¼, to close at 496 ¼. Kansas City Hard Red Winter Wheat prices for March. were dn 3 ¾, to settle at 594 ¾.

Portland prices for Ordinary Club Wheat was Unch, ranging from 6-60 to 6-93. Portland Hard Red Winter Wheat with 11 ½ percent Protein, for March were dn 3 ¾, ranging from 7-29 ¾ to 7-59 ¾. Soft white wheat of Ordinary Protein for March was Unch to up 15, ranging from 6-40 to 7-00. DNS wheat with 14 % protein, prices for March were up 4 ½, ranging from 7-32 ¾ to 7-37 ¾.

Live Cattle for Feb. were dn, $.50, closing at 114.47 ½. March Feeder cattle were dn $.75, to finish the day at 136.82 ½. Feb. Class III milk was up $.24, at 19.46.