Ugly Day in the Grain Market

This is Matt Rice with today’s Market Line Report for Monday. Grains finished the week sharply lower, while cattle saw an opportunity and took advantage. Feeder cattle shot up $5 on Friday . Here’s Scott Shellady with the CME Group to share more.

Shellady “ .”

Chicago Soft Red Winter Wheat prices for March closed the day dn 26 ¼, to finish at 634 ½. March Corn was dn 23 ¾ to close at 500 ½. Kansas City Hard Red Winter Wheat prices for March. were dn 22 ½, to settle at 613 ¼.

Portland prices for Ordinary Club Wheat were Unch, ranging from 6-93 to 7-30. Soft white wheat of Ordinary Protein for March was Unch, ranging from 6-70 to 7-10. Hard Red Winter Wheat with 11 ½ percent Protein, for March were dn 22 ½, ranging from 7-43 ¼ to 7-78 ¼. DNS wheat with 14 % protein, prices for March dn 22 ¾, ranging from 7-22 ½ to 7-42 ½.

Live Cattle for April were up $2.57 ½, closing at 122.52 ½. March Feeder cattle were up $5.00, to finish the day at 144.15. March Class III milk was up $.21, at 17.54.