Hope In Food Chain Brings Promise to Beef Market

This is Matt Rice with today’s Market Line Report for Tuesday. With the food industry slowly considering reopening, the beef market catches a glimpse of hope. Let’s go to Virginia McGathey with the CME Group to share more.

McGathey “ .”

Chicago Soft Red Winter Wheat prices for March closed the day up 14, to finish at 648 ½. March Corn was up 11 to close at 511 ½. Kansas City Hard Red Winter Wheat prices for March. were up 14, to settle at 627 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 up 14, ranging from 7-57 ¼ to 7-92 ¼. DNS wheat with 14 % protein, prices for March up 13 ½, ranging from 7-36 to 7-56.

Live Cattle for April were up $.42 ½, closing at 122.95. March Feeder cattle were dn $.30, to finish the day at 143.85. March Class III milk was dn $.50, at 17.04.