Marketline Report for Friday, February 3rd

This is Bob Larson with the Market Line Report for Friday, February 3rd . Livestock demand remains strong during a down period. From the floor of the CME in Chicago, here’s Ted Seifried.

SEIFRIED … “.”

Chicago March Wheat prices closed up ¼, at 7-60 … Corn was dn 6 ½ at 6-74 ½ … Kansas Wheat was dn 4 ¾ at 8-79 ½

Portland prices for March Club Wheat ended the day unch ranging from 8-50 to 9-00 … Soft white wheat of ordinary protein was dn .05 ranging from 8-35 to 8-55 … Hard Red Winter Wheat with 11 ½ percent Protein was dn 03 ½ ranging from 9-70 ¾ to 9-80 ¾ … DNS wheat with 14% protein was dn .01 ¼ ranging from 9-98 ¾ to 10-08 ¾

Live Cattle for Feb was up $1.55 at $163.77 ½ … Feeder Cattle was up $2.70, at $185.95 … Class III milk was up $.17 at $17.81.