Beef Market Continues To Impress

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Friday. The Beef Market continues to impress traders, as Exports trend lower on the 4 week average. Let’s go to Oliver Sloup with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for Sept. closed the day Dn 13, to finish at 6-27. Dec. Corn was Dn 7, to finish the day at 4-93 ½. Kansas City Hard Red Winter Wheat prices for Sept. were Dn 19 ½, to settle at 7-67 ¼.

Portland prices for Club Wheat with 10 ½ % Protein was Up 15 – Dn 10, ranging from 6-95 to 7-45. Soft white wheat with 10 ½ % Protein prices for Oct. were Up 10 -Unch, ranging from 6-95 to 7-35. Hard Red Winter Wheat with 11 ½ percent Protein prices for Oct. were Dn 19, ranging from 8-02 to 8-07. DNS wheat with 14 % protein, prices for Oct. was Dn 14 ¾, settling at 8-97 ½.

Live Cattle for Oct. was Up $.80, closing at 181.30. Sept. Feeder Cattle were Up $1.55, to finish the day at 251.65. Sept. Class III milk was Dn $.34 to settle at 17.19.