7 Month Consecutive Price Increase

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Monday. Despite mixed trades Friday, the Live Cattle Market finished the month of April $3.32 higher. Let’s go to Oliver Sloup with the CME Group to find out more.

Chicago Soft Red Winter Wheat prices for July closed the day Up 4 ½, to finish at 6-33 ¾. July Corn was Up 3 ½, to finish the day at 5-85. Kansas City Hard Red Winter Wheat prices for July were Up 11, to settle at 7-76 ¼.

Portland prices for Club Wheat with 10 ½ % Protein was Unch – Dn 05, ranging from 7-15 to 7-70. Soft white wheat with 10 ½ % Protein prices for June were Unch- Dn 25, ranging from 7-15 to 7-35. Hard Red Winter Wheat with 11 ½ percent Protein prices for July were Up 11, ranging from 8-53 ¾ to 8-58 ¾. DNS wheat with 14 % protein, prices for July were Up 18 ¾, ranging from 8-83 ¾ to 8-93 ¾.

Live Cattle for June was Up $.27 ½, closing at 165.47 ½. Aug. Feeder Cattle were Dn $.85, to finish the day at 230.72 ½. June Class III milk was Dn $.17, to settle at 17.28.