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Weekly Cattle Report
by Matt Rice, click here for bio
Program: Market Line
Date: February 20, 2017
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Sanders “National Slaughter Cattle Review for Thursday February 16th, 2017. Trading was limited with light demand in the Southern Plains on Thursday and into Friday morning. A few live purchases sold from $1.19 to $1.20, however, not a full market trend. For Thursday in the Northern Plains and Western Corn Belt, trading was limited on light demand, not enough sales for a market trend.”
Starting with those Chicago markets, July wheat prices closed the day dn 5 ¼, at 470 ¼. Chicago July Corn prices were dn 5 ¼, to finish the day at 383. Prices in Portland for Soft White Winter Wheat of ordinary protein for Aug. NC were unch to up ½, ranging from 4-67 to 4-84. Hard Red Winter Wheat with 11.5 % protein, future prices for May were dn 1 ¾, ranging from 5-49 ¼ to 5-54 ¼. DNS Wheat with 14 % protein, prices for May were dn 1 ½, ranging from 6-54 ½ to 6-84 ½. June Live Cattle finished the day up $1.22 ½, at 105.17 ½. May Feeder cattle were up 67 ½ cents, at 123.25. March class III milk was dn 7 cents at 16-86.
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