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Weekly Cattle Update
by Matt Rice, click here for bio
Program: Market Line
Date: February 27, 2017
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Sanders “National Slaughter Cattle Review for Thursday Feb. 23rd, 2017. On Thursday in Kansas the Northern Plains and Western Corn Belt, trading was slow on moderate demand. A few light purchases in Kansas traded from $1.24 to $1.25. In the Northern Plains a few Live Sales traded at $1.25 and in Nebraska a few dress sales at $1.96.”
Starting with those Chicago markets, July wheat prices closed the week dn 5, at 461 ¾. Chicago July Corn prices were dn 1 ½, to finish the Friday at 379 even. Prices in Portland for Soft White Winter Wheat of ordinary protein for Aug. NC were dn 5 to 3, ranging from 4-72 to 4-79. Hard Red Winter Wheat with 11.5 % protein, future prices for May were dn 4 ½, ranging from 5-47 to 5-52. DNS Wheat with 14 % protein, prices for May were up ½, ranging from 6-53 ¾ to 6-83 ¾. June Live Cattle finished the day dn $1.92 ½, at 104.95. April Feeder cattle were dn $3.57 ½, at 121.70. March class III milk was dn 13 cents at 16-38.
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