Cattle Finish Week Strong

This is Matt Rice with today’s Market Line Report for Monday. Live Cattle finished the week on a high note as Exports continue to climb driving futures higher. Let’s go to Terry Roggensack with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for March closed the day up 3 ½, to finish at 8-34 ¼. Dec. Corn was dn 2 ¼, to close at 5-70 ¾. Kansas City Hard Red Winter Wheat prices for March were up 8, to settle at 8-38 ½.

Portland prices for Club Wheat with 10 ½ % Protein were up 15 to Unch, ranging from 10-90 to 14-00. Soft white wheat with 10 ½ % Protein prices for Jan. were up 2 to Unch, ranging from 10-77 to 11-50. Hard Red Winter Wheat with 11 ½ percent Protein prices for Jan. were dn 6, ranging from 9-90 ½ to 10-25 ½. DNS wheat with 14 % protein, prices for Feb. were dn 5 ¼, ranging from 11-14 ½ to 11-29 ½.

Live Cattle for Feb. were up $.45, closing at 137.70. Jan. Feeder cattle were dn $.45, to finish the day at 160.92 ½. Jan. Class III milk was up $.98 to settle at 18.98.