Feeder Cattle Reach New Highs

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Thursday. The Cattle Market continues to climb as Feeder Cattle broke through to a new high yesterday. Let’s go to Virginia McGathey with the CME Group for more.

Chicago Soft Red Winter Wheat prices for Dec. closed the day Dn 22 ¼, to finish at 7-80 ½. Dec Corn was Up 1 ¾, to finish the day at 6-12. Kansas City Hard Red Winter Wheat prices for Dec. were Dn 20 ¼, to settle at 8-53.

Portland prices for Club Wheat with 10 ½ % Protein were Dn 30 to 40, ranging from 8-50 to 9-10. Soft white wheat with 10 ½ % Protein prices for Oct. were Dn 20-12, ranging from 8-42 to 8-90. Hard Red Winter Wheat with 11 ½ percent Protein prices for Oct. were Dn 20 ¼, ranging from 9-63 to 9-68. DNS wheat with 14 % protein, prices for Oct. were Dn 18, ranging from 9-64 ¼ to 9-84 ¼.

Live Cattle for Oct. were Up $.17 ½, closing at 145.85. Sept. Feeder Cattle were Up $1.65 to finish the day at 187.12 ½. Sept. Class III milk was Dn $.20 to settle at 20.67.