Beef Market Demand Picks Up

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Wednesday. Outside stocks factor into the Beef Market, along with stronger export numbers. Let’s go to Oliver Sloup with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for Dec. closed the day Dn 3, to finish at 8-03 ½. Dec Corn was Dn 11 ¼, to finish the day at 6-53 ¼. Kansas City Hard Red Winter Wheat prices for Dec. were Dn 4 ¾, to settle at 9-25 ¼.

Portland prices for Club Wheat with 10 ½ % Protein were Dn 10 to UNCH, ranging from 8-85 to 9-90. Soft White Wheat with 10 ½ % Protein prices for Jan. were DN 04 to UNCH, ranging from 8-87 to 9-25. Hard Red Winter Wheat with 11 ½ percent Protein prices for Jan. were Dn 5 ¼, ranging from 10-41 ½ to 10-61 ½. DNS wheat with 14 % protein, prices for Jan. were Dn 06 ¼, ranging from 10-24 ½ to 10-44 ½.

Live Cattle for Dec. were Up $1.50, closing at 153.07 ½. Jan. Feeder Cattle were UP $2.05, to finish the day at 181.70. Dec. Class III milk was Dn $.05, to settle at 21.53.