Weekly Cattle Update

This is Matt Rice with today’s Market Line Report for Monday. Feeder Cattle saw poor demand in the market Friday, as prices dropped. Let’s go to Greg Sanders with the USDA to hear more on the Weekly Cattle Update.

Chicago Soft Red Winter Wheat prices for March closed the day up 4 ½, to finish at 7-74 ¾. March Corn was up 2, to close at 5-93 ¼. Kansas City Hard Red Winter Wheat prices for March were up 6 ¼, to settle at 8-10.

Portland prices for Club Wheat with 10 ½ % Protein were Unch, ranging from 10-50 to 13-75. Soft white wheat with 10 ½ % Protein prices for Feb. were Unch, ranging from 10-50 to 11-25. Hard Red Winter Wheat with 11 ½ percent Protein prices for Feb. were up 6 ¼, ranging from 9-75 to 10-05. DNS wheat with 14 % protein, prices for Feb. were dn 4 ¼, ranging from 11-22 ½ to 11-42 ½.

Live Cattle for Feb. were dn $.62 ½, closing at 136.42 ½. March Feeder cattle were dn $2.62 ½, to finish the day at 161.70. Jan. Class III milk was dn $.36 to settle at 19.25.