Sideway's Beef Market

Sideway's Beef Market

Matt Rice
Matt Rice
This is Matt Rice with the Ag Information Network and today’s Market Line Report for Thursday. Higher feed prices puts the Beef Market in a sideways channel, however demand remains strong. Let’s go to Virginia McGathey with the CME Group to find out more.

Chicago Soft Red Winter Wheat prices for July closed the day Dn 2 ¼, to finish at 6-41 ¼. July Corn was Up 9 ¼, to finish the day at 5-94. Kansas City Hard Red Winter Wheat prices for July were Dn 1, to settle at 8-55 ¼.

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 7-15 to 7-70. Soft white wheat with 10 ½ % Protein prices for July were Unch, ranging from 7-00 to 7-25. Hard Red Winter Wheat with 11 ½ percent Protein prices for July were Dn 1, ranging from 9-21 ¼ to 9-35 ¼. DNS wheat with 14 % protein, prices for July were Up 1 ¾, ranging from 9-29 ½ to 9-44 ½.

Live Cattle for June was Dn $.37 ½, closing at 161.17 ½. Aug. Feeder Cattle were Dn $.97 ½, to finish the day at 225.15. June Class III milk was Up $.31 to settle at 17.19.

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