Beef Climb Back

Beef Climb Back

Matt Rice
Matt Rice
This is Matt Rice with today’s Market Line Report for Thursday. The Beef Market rebounds, despite higher feed prices. Let’s go to Virginia McGathey with the CME Group to hear more.

McGathey “ .”

Chicago Soft Red Winter Wheat prices for May closed the day up 15 ½, to finish at 685 ½. May Corn was up 4 ½ to close at 557. Kansas City Hard Red Winter Wheat prices for May were up 15 ¾, to settle at 663.

Portland prices for Ordinary Club Wheat were Unch, ranging from 7-40 to 7-70. Soft white wheat of Ordinary Protein for May was Unch, ranging from 7-20 to 7-45. Hard Red Winter Wheat with 11 ½ percent Protein, for May were up 15, ranging from 7-86 to 7-96. DNS wheat with 14 % protein, prices for April were up 9 ½, ranging from 7-62 ½ to 7-82 ½.

Live Cattle for April were up $1.02 ½, closing at 122.22 ½. April Feeder cattle were up $2.15, to finish the day at 144.75. March Class III milk was up $.17, at 16.03.

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