Rally Continues

This is Matt Rice with the Ag Information Network and today’s Market Line Report for Thursday. The Cattle market continues to build demand, even with solid feed prices and a rocky start the year. Let’s go to Virginia McGathey with the CME Group to hear more.

Chicago Soft Red Winter Wheat prices for March closed the day Up 6 ¾, to finish at 7-41 ¼. March Corn was Dn 2 ¼, to finish the day at 6-74 ¾. Kansas City Hard Red Winter Wheat prices for March were Up 9 ½, to settle at 8-43 ¼.

Portland prices for Club Wheat with 10 ½ % Protein was Dn 10-05, ranging from 8-25 to 8-85. Soft white wheat with 10 ½ % Protein prices for March were Unch - Dn 03, ranging 8-23 to 8-45. Hard Red Winter Wheat with 11 ½ percent Protein prices for March were Dn 09 ½, ranging from 9-63 ¼ to 9-73 ¼. DNS wheat with 14 % protein, prices for March were Up 6 ½, to settle at 9-89 ½.

Live Cattle for April were Up $.25, closing at 161.55. March Feeder Cattle were Up $.15 to finish the day at 183.75. March Class III milk was Dn $.26, to settle at 17.95.