LE Cattle Rally

LE Cattle Rally

Matt Rice
Matt Rice
This is Matt Rice with the Ag Information Network and today’s Market Line Report for Tuesday. Live Cattle surged to new contract highs, taking advantage of a lulling corn market. Let’s go to Oliver Sloup with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for March closed the day Up 2 ½, to finish at 7-52 ½. March Corn was Up ¾, to finish the day at 6-83 ¾. Kansas City Hard Red Winter Wheat prices for March were Up 4 ½, to settle at 8-73 ¾.

Portland prices for Club Wheat with 10 ½ % Protein was Up 20 - Unch, ranging from 8-45 to 9-00. Soft white wheat with 10 ½ % Protein prices for Feb. were Up 22 – 09, ranging 8-45 to 8-63. Hard Red Winter Wheat with 11 ½ percent Protein prices for March were Up 4 ½, ranging from 9-93 ¾ to 10-03 ¾. DNS wheat with 14 % protein, prices for March were Unch, settling at 10-01 ½.

Live Cattle for April were Up $2.52 ½, closing at 163.35. March Feeder Cattle were Up $.45 to finish the day at 183.47 ½. March Class III milk was Dn $.20 to settle at 17.81.

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