Weekly Cattle Update

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Monday. The Beef market showed signs of life Friday, as Feeders and Live Cattle rallied . Let’s go to Greg Sanders with the USDA to heard the weekly cattle update.

Chicago Soft Red Winter Wheat prices for March closed the day Up 13 ½, to finish at 6-29 ¼. March Corn was Up 3 ¾, to finish the day at 4-83. Kansas City Hard Red Winter Wheat prices for March were Up 6 ¼, to settle at 6-42 ¾.

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 6-95 to 7-40. Soft white wheat with 10 ½ % Protein prices for Feb. were Unch, ranging 6-75 to 7-15. Hard Red Winter Wheat with 11 ½ percent Protein prices for Feb. were Up 6 ¼, ranging from 6-97 ¾ to 7-12 ¾. DNS wheat with 14 % protein, prices for Feb. were Up 13 ½, ranging from 8-10 ¾ to 8-25 ¾.

Live Cattle for Feb. were Up $1.42 ½, closing at 169.35. March Feeder Cattle were Up $2.05, to finish the day at 222.17 ½. Jan. Class III milk was Dn $.34, to settle at 15.90.