Live Cattle Rally

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Thursday. Live Cattle rally on stronger beef processing numbers along with weaker feed prices. Let’s go to Virginia McGathey with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for Dec. closed the day Dn 10 ¾, to finish at 8-17 ½. Dec Corn was Dn 1 ½, to finish the day at 6-65 ¼. Kansas City Hard Red Winter Wheat prices for Mar. were Dn 8 ½, to settle at 9-46.

Portland prices for Club Wheat with 10 ½ % Protein were Up 15 - UNCH, ranging from 9-00 to 9-90. Soft White Wheat with 10 ½ % Protein prices for Jan. were Up 03 to UNCH, ranging from 8-98 to 9-25. Hard Red Winter Wheat with 11 ½ percent Protein prices for Jan. were Dn 8 ½, ranging from 10-66 to 10-86. DNS wheat with 14 % protein, prices for Jan. were Dn 8 ¼, ranging from 10-54 ¼ to 10-74 ¼.

Live Cattle for Dec. were Up $1.20, closing at 154.20. Jan. Feeder Cattle were Up $.45, to finish the day at 177.47 ½. Dec. Class III milk was Up $.09, to settle at 21.92.