Cattle Search For Groove

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Friday. April contracts pick up more momentum in the cattle market, with uncertainty still a major factor. Let’s go to Oliver Sloup with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for March closed the day Dn 8, to finish at 7-34 ½. March Corn was Dn -4, to finish the day at 6-77 ¼. Kansas City Hard Red Winter Wheat prices for March were Dn 9 ½, to settle at 8-32.

Portland prices for Club Wheat with 10 ½ % Protein was Unch – Up 05, ranging from 8-25 to 8-85. Soft white wheat with 10 ½ % Protein prices for Feb. were Unch – Up 04, ranging 8-23 to 8-39. Hard Red Winter Wheat with 11 ½ percent Protein prices for March were Dn 9 ½, settling at 9-52. DNS wheat with 14 % protein, prices for March were Up 03, to settle at 9-84.

Live Cattle for April were Dn $1.10, closing at 159.12 ½. March Feeder Cattle were Dn $1.62 ½ to finish the day at 180.10. Feb. Class III milk was Dn $.14 to settle at 18.30.