Cattle Bounce Back

Cattle Bounce Back

Matt Rice
Matt Rice
This is Matt Rice with today’s Market Line Report for Monday. Cattle closed the week with better cash trade, giving the market a well-received boost. Let’s go to Virginia McGathey with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for Dec. closed the day up 9 ¼, to finish at 7-34. Dec. Corn was up 9, to close at 5-25 ¾. Kansas City Hard Red Winter Wheat prices for Dec. were up 12 ¾, to settle at 7-43 ¾.

Portland prices for Club Wheat with 10 ½ % Protein were Unch, ranging from 9-75 to 13-25. Soft white wheat with 10 ½ % Protein prices for Nov. were Unch ranging from 9-75 to 10-75. Hard Red Winter Wheat with 11 ½ percent Protein prices for Nov. were up 12 ¾, ranging from 8-93 ¾ to 9-18 ¾. DNS wheat with 14 % protein, prices for Nov. were up 8 ¾, ranging from 10-93 ¾ to 11-08 ¾.

Live Cattle for Dec. were up $.67 ½, closing at 130.97 ½. Jan. Feeder cattle were dn $.82 ½, to finish the day at 161.52 ½. Nov. Class III milk was dn $.08 to settle at 19.28.

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