The Rally Rolls On

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Thursday. The Beef market rally continues with no sing of slowing down. Let’s go to Oliver Sloup with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for July closed the day Up 3 ¼, to finish at 5-94 ¼. July Corn was Unch, to finish the day at 5-94. Kansas City Hard Red Winter Wheat prices for July were Up 6 ¾, to settle at 7-90 ½.

Portland prices for Club Wheat with 10 ½ % Protein was Dn 20 – 5, ranging from 6-90 to 7-40. Soft white wheat with 10 ½ % Protein prices for July were Dn 05 - Unch, ranging from 6-90 to 7-30. Hard Red Winter Wheat with 11 ½ percent Protein prices for Aug. were Up 4 ¾, ranging from 8-55 ¼ to 8-65 ¼. DNS wheat with 14 % protein, prices for Aug. were Dn 12, ranging from 8-75 ½ to 8-62 ½.

Live Cattle for Aug. was Up $.50, closing at 167.67 ½. Aug. Feeder Cattle were Up $1.40, to finish the day at 239.17 ½. June Class III milk was Dn $.15 to settle at 15.41.