Livestock Production Increases Corn Market

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Wednesday. Expanding livestock production continues to be a positive factor for the Corn Market. Let’s go to Terry Roggensack with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for March closed the day Up 8, to finish at 7-51 ¾. March Corn was Up 10 ¼, to finish the day at 6-85 ¼. Kansas City Hard Red Winter Wheat prices for March were Up 12, to settle at 8-55 ¾.

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 8-25 to 8-80. Soft white wheat with 10 ½ % Protein prices for March were Unch, ranging 8-23 to 8-35. Hard Red Winter Wheat with 11 ½ percent Protein prices for March were Dn 2, to settle at 9-61 ¾. DNS wheat with 14 % protein, prices for March were Dn 5 ¾, to settle at 9-86 ½.

Live Cattle for April were Dn .80, closing at 160.10. March Feeder Cattle were Dn $1.57 ½ to finish the day at 181.30. Feb. Class III milk was Dn $.05, to settle at 18.54.