Beef Market Cools Off

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Monday. Live Cattle hit 6 Month High’s Friday, before cooling off to finish the week in the red. Let’s go to Ted Seifried with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for May closed the day Dn 2 ½, to finish at 5-37 ¾. May Corn was Up 1 ¾, to finish the day at 4-39 ¾. Kansas City Hard Red Winter Wheat prices for May were Up 14, to settle at 5-88 ¾.

Portland prices for Club Wheat with 10 ½ % Protein was Unch, ranging from 5-75 to 6-05. Soft white wheat with 10 ½ % Protein prices for May were Unch, ranging 5-50 to 6-00. Hard Red Winter Wheat with 11 ½ percent Protein prices for May were Up 14, ranging from 6-53 ¾ to 6-63 ¾. DNS wheat with 14 % protein, prices for May were Up 8, ranging from 7-52 ¾ to 7-57 ¾.

Live Cattle for April were Dn $1.12 ½, closing at 187.60. April Feeder Cattle were Dn $2.20, to finish the day at 254.10. April Class III milk was Up $.17, to settle at 16.08.