Cattle Market Strength Continues

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Thursday. The cattle market continues to trend higher, following momentum in cash 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 Up 5, to finish at 7-04 ¾. May Corn was Up 3 ¼, to finish the day at 6-50 ½. Kansas City Hard Red Winter Wheat prices for May were Dn 2, to settle at 8-70 ½.

Portland prices for Club Wheat with 10 ½ % Protein was Unch – Up 05, ranging from 7-70 to 8-25. Soft white wheat with 10 ½ % Protein prices for May were Unch – Up 01, ranging from 7-60 to 7-75. Hard Red Winter Wheat with 11 ½ percent Protein prices for May were Dn 12- 02, ranging from 10-00 ½ to 10-35 ½. DNS wheat with 14 % protein, prices for May were Dn 4 ½, ranging from 9-63 to 9-68.

Live Cattle for June were Up $.75, closing at 159.65. May Feeder Cattle were Up $1.72 ½, to finish the day at 202.52 ½. April Class III milk was Dn $.02, to settle at 19.50.