Cattle On Feed Report

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Thursday. Traders eagerly awaiting Fridays upcoming Cattle On Feed Report as Cattle closed green across the board yesterday. Let’s go to Virginnia McGathey with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for March closed the day Up 4, to finish at 5-82 ½. March Corn was Dn 1 ¼, to finish the day at 4-42 ¼. Kansas City Hard Red Winter Wheat prices for March were Dn 7 ½, to settle at 5-94.

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 6-85 to 7-30. Soft white wheat with 10 ½ % Protein prices for March were Unch, ranging 6-35 to 7-20. Hard Red Winter Wheat with 11 ½ percent Protein prices for March were Dn 7 ½, ranging from 6-54 to 6-59. DNS wheat with 14 % protein, prices for March were Dn 10 ½, ranging from 7-60 ¼ to 7-70 ¼.

Live Cattle for Feb. were Up $.45, closing at 173.62 ½. March Feeder Cattle were Up $.95, to finish the day at 229.77 ½. Feb. Class III milk was Dn $.02, to settle at 15.71.