Live Cattle Consolidation Continues

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Friday. More uncertainty in the Beef Market as cattle traded on both sides of unch, with little variance in either direction. 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 7 ½, to finish at 7-57 ¼. March Corn was Dn 7 ¾, to finish the day at 6-70 ¾. Kansas City Hard Red Winter Wheat prices for March were Dn 17, to settle at 8-79.

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 8-50 to 9-00. Soft white wheat with 10 ½ % Protein prices for March were Up 05 - Unch, ranging 8-50 to 8-58. Hard Red Winter Wheat with 11 ½ percent Protein prices for March were Dn 17, ranging from 9-99 to 10-09. DNS wheat with 14 % protein, prices for March were Dn 09, to settle at 9-97 ¼.

Live Cattle for April were Dn $.07 ½, closing at 163.62 ½. March Feeder Cattle were Up $.37 ½ to finish the day at 186.82 ½. March Class III milk was Up $.31, to settle at 17.93.