Marketline Report for Tuesday, July 11th

This is Bob Larson with the Market Line Report for Tuesday, July 12th. Live cattle were solid in trading, on the heals of last weeks Cash cattle rebound. From the floor of the CME in Chicago, here’s Ted Seifriend.

SEIFRIED … “.”

Chicago July Wheat prices closed dn 3 ¼ at 6-35 ¾ … Corn was up 10 ¼ at 5-71 ¼ … Kansas Wheat was dn 07 at 8-09 ½

Portland prices for Club Wheat ended the day dn .20 ranging from 6-75 to 7-30 … Soft white wheat of ordinary protein was dn .10 ranging from 6-75 to 7-00 … Hard Red Winter Wheat with 11 ½ percent Protein was dn 17 ranging from 8-11 ¼ to 8-31 ¼ … DNS wheat with 14% protein was up .24 ½ ranging from 8-84 ¼ to 8-94 ¼

Live Cattle for Feb was up $.20 at $177.15 … Feeder Cattle was up $.82 ½, at $245.47 ½ … Class III milk was up $.02 at $13.93.