A Sea Of Red In Livestock Markets

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Wednesday. Both Feeders and Live Cattle finished yesterday lower at the close, despite a weaker feed prices. Let’s go to Oliver Sloup with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for Dec. closed the day Dn 17 ¾, to finish at 6-23 ¾. Dec. Corn was Dn 12 ¼, to finish the day at 4-75 ½. Kansas City Hard Red Winter Wheat prices for Dec. were Dn 13 ¾, to settle at 7-45 ½.

Portland prices for Club Wheat with 10 ½ % Protein were Dn 10, ranging from 6-80 to 7-30. Soft White Wheat with 10 ½ % Protein prices for Oct. were Dn 10 - UNCH, ranging from 6-85 to 7-30. Hard Red Winter Wheat with 11 ½ percent Protein prices for Oct. were Dn 13 ¾, ranging from 7-65 ½ to 7-70 ½. DNS wheat with 14 % protein, prices for Oct. were Dn 18, to settle at 8-52.

Live Cattle for Oct. were Dn $.70, closing at 179.97 ½. Sept. Feeder Cattle were Dn $.35, to finish the day at 249.77 ½. Sept. Class III milk was Up $.21, to settle at 18.04.