Cash Cattle Drives Market
This is Matt Rice with the Ag Information Network and today’s Market Line Report for Friday. April Live Cattle post new contract highs, as the beef market continues to rally with no signs of weakening . 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 ½, to finish at 6-92 ¼. May Corn was Dn 1, to finish the day at 6-49 ½. Kansas City Hard Red Winter Wheat prices for May were Up 1, to settle at 8-71 ½.
Portland prices for Club Wheat with 10 ½ % Protein was Unch – Dn 05, ranging from 7-70 to 8-20. Soft white wheat with 10 ½ % Protein prices for May were Unch – Dn 01, ranging 7-60 to 7-74. Hard Red Winter Wheat with 11 ½ percent Protein prices for May were Up 01, ranging from 10-01 ½ to 10-36 ½ . DNS wheat with 14 % protein, prices for April were Up 1 ¾, to settle at 9-64 ¾.
Live Cattle for June was up $1.35, closing at 161.00. May Feeder Cattle were Up $1.92 ½, to finish the day at 204.45. April Class III milk was Dn $.04, to settle at 19.46.
