Choppy Livestock Markets

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Wednesday. Livestock Markets continue to see mixed futures following yesterdays Cattle on Feed Report and weaker exports. 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 6 ¾, to finish at 5-80 ½. Dec. Corn was Dn 6 ¼, to finish the day at 4-84. Kansas City Hard Red Winter Wheat prices for Dec. were Dn 7 ¾, to settle at 6-63.

Portland prices for Club Wheat with 10 ½ % Protein was Unch- Up 15, ranging from 7-00 to 7-55. Soft white wheat with 10 ½ % Protein prices for Dec. were Unch, ranging 6-90 to 7-35. Hard Red Winter Wheat with 11 ½ percent Protein prices for Dec. were Dn 7 ¾, ranging from 7-03 to 7-13. DNS wheat with 14 % protein, prices for Dec. were Dn 9 ½, ranging from 8-03 ½ to 8-18 ¼.

Live Cattle for Dec. were Up $.27 ½, closing at 178.62 ½. Jan. Feeder Cattle were Dn $.85 to finish the day at 234.85. Nov. Class III milk was Dn $.16, to settle at 17.67.