Beef Production Trying To Rebound From Christmas Storm

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Wednesday. Beef production trying to catch back up after that week of delay during Christmas break storm. Let’s go to Terry Roggensack with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for March closed the day Dn 10 ½, to finish at 7-31. March Corn was Up 2 ¼, to finish the day at 6-55. Kansas City Hard Red Winter Wheat prices for March were Dn 16 ¾, to settle at 8-11 ¾.

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 8-40 to 8-95. Soft white wheat with 10 ½ % Protein prices for March were Dn 01 - Unch, ranging 8-28 to 8-70. Hard Red Winter Wheat with 11 ½ percent Protein prices for March were Dn 16 ¾, to settle at 9-31 ¾. DNS wheat with 14 % protein, prices for March were Dn 7 ½, to settle at 9-74 ½.

Live Cattle for Feb. were Unch, closing at 157.75. March Feeder Cattle were Up $.20 to finish the day at 186.50. Feb. Class III milk was Dn $.05, to settle at 19.10.