Brazil Brings Demand

Brazil Brings Demand

Matt Rice
Matt Rice
This is Matt Rice with the Ag Information Network and today’s Market Line Report for Wednesday. Another solid run in the Beef market yesterday, following increased demand from Brazil. 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 ¾, to finish at 6-27 ¾. July Corn was Up 10 ½, to finish the day at 6-08. Kansas City Hard Red Winter Wheat prices for July were Dn 2, to settle at 8-20 ¼.

Portland prices for Club Wheat with 10 ½ % Protein was Unch – Up 10, ranging from 6-90 to 7-75. 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 Dn 2, ranging from 8-84 ½ to 8-94 ½. DNS wheat with 14 % protein, prices for Aug. were Dn 2 ¾, ranging from 8-94 ½ to 8-99 ½.

Live Cattle for Aug. was Up $2.22 ½, closing at 175.50. Aug. Feeder Cattle were Up $.65, to finish the day at 243.25. July Class III milk was Up $.32, to settle at 16.29.

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