Cattle Rally Continues

This is Matt Rice with today’s Market Line Report for Tuesday. The rally continues in the cattle market, while Feeder Cattle look strong with continued support. Here’s Virginia McGathey with the CME Group to share more.

Chicago Soft Red Winter Wheat prices for May closed the day up 1 ½, to finish at 8-05 ½. March Corn was up 4 ¾, to finish the day at 6-55 ¾. Kansas City Hard Red Winter Wheat prices for March were up 4 ¼, to settle at 8-28 ½.

Portland prices for Club Wheat with 10 ½ % Protein were Unch, ranging from 10-50 to 13-50. Soft white wheat with 10 ½ % Protein prices for March were Unch, ranging from 10-50 to 11-00. Hard Red Winter Wheat with 11 ½ percent Protein prices for March were up 4 ¼, ranging from 10-28 ½ to 10-78 ½. DNS wheat with 14 % protein, prices for March were up 4 ½, ranging from 10-76 to 11-16.

Live Cattle for April were up $.17 ½, closing at 146.35. March Feeder Cattle were up $.65 to finish the day at 166.87 ½. March Class III milk was up $.13 to settle at 22.81.