Cattle Finish The Week Strong

This is Matt Rice with today’s Market Line Report for Monday. Live Cattle strike while the irons hot, making their way higher to close the week over $1.25. 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 up 3 ¼, to finish at 633 ½. March Corn was dn 2 ¼ to close at 538 ¾. Kansas City Hard Red Winter Wheat prices for March. were up 5 ¾, to settle at 616 ¾.

Portland prices for Ordinary Club Wheat were up 10-Unch, ranging from 7-40 to 7-55. Soft white wheat of Ordinary Protein for April was up 10-Unch, ranging from 7-10 to 7-45. Hard Red Winter Wheat with 11 ½ percent Protein, for April were up 5 ½, ranging from 7-47 ½ to 7-67 ½. DNS wheat with 14 % protein, prices for April were dn 1, ranging from 7-36 to 7-51.

Live Cattle for April were up $2.05, closing at 125.17 ½. March Feeder cattle were up $1.70, to finish the day at 140.85. March Class III milk was dn $.47, at 16.56.