Live Cattle Find Boost

This is Matt Rice with today’s Market Line Report for Tuesday. Live cattle inching towards 3 months high while Feeder Cattle found resistance from the start. Let’s go to Virginia McGathey with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for Sept. closed the day dn 1 ¾, to finish at 7-60 ½. Dec. Corn was dn 4 ¼, to close at 5-68 ¾. Kansas City Hard Red Winter Wheat prices for Sept. were dn 5 ¾, to settle at 7-36 ½ .

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 9-60 to 11-80. Soft white wheat with 10 ½ % Protein for Oct. was Unch, ranging from 9-60 to 10-04. Hard Red Winter Wheat with 11 ½ percent Protein for Oct. were dn 5 ¾, ranging from 8-74 ¼ to 9-09 ¼. DNS wheat with 14 % protein, prices for Oct. was dn 2 ½, ranging from 10-57 to 10-72.

Live Cattle for Oct. were up $1.00, closing at 129.12 ½. Sept. Feeder cattle were dn $1.07 ½, to finish the day at 162.00. Sept. Class III milk was dn $.02, to settle at 17.60.