Weekly Exports Dip

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Friday. Beef Futures remain mixed as Weekly Exports continue to hit the low side of the mark. 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 12 ¼, to finish at 5-98. March Corn was Up 7, to finish the day at 4-82 ¾. Kansas City Hard Red Winter Wheat prices for March were Up 8 ¾, to settle at 6-43.

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 16 ½, ranging from 6-89 ¼ to 6-94 ¼. DNS wheat with 14 % protein, prices for Feb. were Up 12, ranging from 7-95 ¼ to 8-10 ¼.

Live Cattle for Feb. were Dn $1.65, closing at 171.82 ½. Jan. Feeder Cattle were Dn $2.25, to finish the day at 219.95. Dec. Class III milk was Dn $.01, to settle at 16.10.