Weekly Cattle Update

This is Matt Rice with the Market Line Report for March 13th. Live and Feeder Cattle holding steady over the week as prices rallied as Fridays market came to a close. Here's Greg Sanders as he covers the Weekly Cattle Update with the USDA.

Sanders "."

Chicago markets, July wheat prices closed the day dn 3 ½, at 456. Chicago July Corn prices were dn 2 ½, to finish the day at 372 ¾. Prices in Portland for Soft White Winter Wheat of ordinary protein for Aug. NC were dn 3 ¾- Unch, ranging from 4-66 to 4-78. Hard Red Winter Wheat with 11.5 % protein, future prices for Aug. NC were dn 6 ¼, ranging from 5-42 ½ to 5-57 ½. DNS Wheat with 14 % protein, prices for Aug. NC were dn ½, ranging from 6-67 ¼ to 6-72 ¼. Aug. Live Cattle finished the day up 65 cents, at 103.05. May Feeder cattle were up $1.70, at 125.87 ½. May class III milk was dn 29 cents at 15-74.