Friendly On Feed Cattle Report

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Tuesday. Continued support in the beef market holds prices steady after a friendly On Feed Cattle Report came out yesterday. Let’s go to Virginia McGathey with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for Dec. closed the day Up 9 ½, to finish at 5-89. Dec. Corn was Up 4, to finish the day at 4-81 ¼. Kansas City Hard Red Winter Wheat prices for Dec. were Up 3 ¼, to settle at 7-14 ½.

Portland prices for Club Wheat with 10 ½ % Protein were Unch, ranging from 7-05 to 7-30. Soft White Wheat with 10 ½ % Protein prices for Nov. were UNCH, ranging from 6-85 to 7-15. Hard Red Winter Wheat with 11 ½ percent Protein prices for Nov. were Up 3 ¼, ranging from 7-34 ½ to 7-54 ½. DNS wheat with 14 % protein, prices for Nov. were Dn 1 ½, ranging from 8-19 to 8-39.

Live Cattle for Dec. were Dn $.12 ½, closing at 191.22 ½. Nov. Feeder Cattle were Dn $.82 ½, to finish the day at 262.82 ½. Oct. Class III milk was Up $.13, to settle at 17.29.