Weaker Dollar and Strong Corn Market

This is Matt Rice with today’s Market Line Report for Tuesday. Corn picking up a little ground, shooting for the $5.50 mark as Live Cattle continue to struggle with higher feed costs. Let’s go to Scott Shellady with the CME Group to hear more.

Shellady “ .”

Chicago Soft Red Winter Wheat prices for March closed the day dn 12, to finish at 651. March Corn was up 2 ¼ to close at 549 ¼. Kansas City Hard Red Winter Wheat prices for March. were dn 12 ¾, to settle at 625 ¼.

Portland prices for Ordinary Club Wheat were up 10-25, to settle at 7-47 ½. Soft white wheat of Ordinary Protein for March was Unch, ranging from 7-00 to 7-20. Hard Red Winter Wheat with 11 ½ percent Protein, for March were dn 12 ¾, ranging from 7-55 ¼ to 7-65 ¼. DNS wheat with 14 % protein, prices for March was dn 10 ½, ranging from 7-28 to 7-53.

Live Cattle for April were dn $.15, closing at 121.70. March Feeder cattle were up $.20, to finish the day at 137.92 ½. March Class III milk was dn $.47, at 16.17.