LE Market Strength Continues

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Thursday. A steady LE market continues to grow based off stronger Beef Boxed prices. Let’s go to Virginia McGathey with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for May closed the day Dn 12 ¾, to finish at 7-50. May Corn was Dn 6 ¼, to finish the day at 6-74 ¼. Kansas City Hard Red Winter Wheat prices for May were Dn 24, to settle at 8-69 ½.

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 8-45 to 8-95. Soft white wheat with 10 ½ % Protein prices for April were Dn 11- Unch, ranging 8-34 to 8-70. Hard Red Winter Wheat with 11 ½ percent Protein prices for May were Dn 24, settling at 10-09 ½. DNS wheat with 14 % protein, prices for April were Dn 9 ¾, ranging from 9-94 to 10-04.

Live Cattle for April were Dn $.02 ½, closing at 165.07 ½. March Feeder Cattle were Up $.95 to finish the day at 191.75. March Class III milk was Dn $.14, to settle at 17.80.