Blizzards Soften Cattle Market

This is Matt Rice with today’s Market Line Report for Thursday. The cattle market takes another hit, as nationwide blizzards, and power outages slow packing plant deliveries. Let’s go to Virginia McGathey with the CME Group as she shares more.

McGathey “ .”

Chicago Soft Red Winter Wheat prices for May closed the day dn 13 ½, to finish at 648. March Corn was up ¾ to close at 553. Kansas City Hard Red Winter Wheat prices for May were dn 13, to settle at 630 ¼.

Portland prices for Ordinary Club Wheat were Unch- up 15, ranging from 7-40 to 7-70. Soft white wheat of Ordinary Protein for April was Unch, ranging from 7-20 to 7-45. Hard Red Winter Wheat with 11 ½ percent Protein, for March were dn 13, ranging from 7-54 ½ to 7-64 ½. DNS wheat with 14 % protein, prices for April were dn 7 ¼, ranging from 7-44 to 7-59.

Live Cattle for April were dn $1.65, closing at 124.15. March Feeder cattle were dn $2.35, to finish the day at 138.42 ½. March Class III milk was dn $.18, at 16.52.