Beef Remains Bullish

Beef Remains Bullish

Matt Rice
Matt Rice
This is Matt Rice with the Ag Information Network and today’s Market Line Report for Tuesday. Strong fundamentals continue to build as the Beef Market touches contract highs once again. 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 5, to finish at 6-24 . July Corn was Dn 11 ½, to finish the day at 5-97 ½. Kansas City Hard Red Winter Wheat prices for July were Up 10, to settle at 8-22 ¼.

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 6-90 to 7-65. Soft white wheat with 10 ½ % Protein prices for Aug. were Unch, ranging from 6-95 to 7-30. Hard Red Winter Wheat with 11 ½ percent Protein prices for Aug. were Up 9 ¼, ranging from 8-86 ½ to 8-96 ½. DNS wheat with 14 % protein, prices for Aug. were Up 16 ½, ranging from 8-97 ¼ to 9-02 ¼.

Live Cattle for Aug. was Up $.37 ½, closing at 173.27 ½. Aug. Feeder Cattle were Up $.70, to finish the day at 242.60. June Class III milk was Dn $.10, to settle at 15.19.

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