Cattle Limit Up

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Tuesday. Limit up in the Live Cattle Market as prices take back yesterday’s losses. Let’s go to Oliver Sloup with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for March closed the day Up 11, to finish at 5-72. March Corn was Dn 1 ¾, to finish the day at 4-73 ½. Kansas City Hard Red Winter Wheat prices for March were Up 21 ¼, to settle at 6-17 ¾.

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 7-00 to 7-35. Soft white wheat with 10 ½ % Protein prices for Feb. were Unch, ranging 6-80 to 7-30. Hard Red Winter Wheat with 11 ½ percent Protein prices for Feb. were Up 21 ¼, ranging from 6-72 ¾ to 6-77 ¾. DNS wheat with 14 % protein, prices for Feb. were Up 13 ½, ranging from 7-83 ¼ to 7-98 ¼.

Live Cattle for Feb. were Up $4.00, closing at 172.82 ½. Jan. Feeder Cattle were Up $8.25, to finish the day at 221.05. Dec. Class III milk was Dn $.14, to settle at 16.22.