Some Hedging Advice

Some Hedging Advice

Tommy Allen
Tommy Allen
This is Tom Allen with the Market Line Report for June 23rd. Let's go to Todd Horwitz from the floor of the CME in Chicago for some hedging advice on this grain market.

Chicago July Wheat prices closed yesterday up ¼, at 459 ½. July corn ended the day down 3 ¼, at 392 ¼. Portland prices for soft white wheat of 10 ½ % protein for July had a mixed market up ¼ and dn 30, ranging from 5-03 ¾ to 5-25. Hard Red Winter wheat with 11 ½ % protein, prices for June were up 3 and dn 2, at mostly 5-13. DNS wheat with 14 % protein, prices for June were up ½, ranging from 6-15 ¼ to 6-35 ¼. June Live Cattle closed the day up 30 cents, at 115.25. Aug Feeder cattle were up 90 cents, at 140.15. June class III milk was up a penny at 13-24.

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