Cattle Market Dips

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Monday. Cattle saw some slight pullback Monday, following cash prices as demand concerns linger. Let’s go to Ted Seifried with the CME Group to find out more.

Chicago Soft Red Winter Wheat prices for July closed the day Dn 15 ½, to finish at 6-18 ¼. July Corn was Dn ½, to finish the day at 5-84 ½. Kansas City Hard Red Winter Wheat prices for July were Dn 19, to settle at 7-57 ¼.

Portland prices for Club Wheat with 10 ½ % Protein was Unch – Dn 05, ranging from 7-15 to 7-65. Soft white wheat with 10 ½ % Protein prices for June were Dn 05 - Unch, ranging from 7-10 to 7-35. Hard Red Winter Wheat with 11 ½ percent Protein prices for June were Dn 19, ranging from 8-37 ¼ to 8-82 ¼. DNS wheat with 14 % protein, prices for June were Dn 12 ¾, ranging from 8-71 to 8-76.

Live Cattle for June was Dn $.60, closing at 164.87 ½. Aug. Feeder Cattle were Dn $.62 ½, to finish the day at 230.10. June Class III milk was Dn $.23, to settle at 17.05.