Markets
Wednesday saw a big cash squeeze in the livestock market as it is heading to a bearish market. From the floor of the CME Group, Todd Horwitz says.Horwitz: " Chicago markets, May wheat prices closed the day up a dime, at 4-35. Chicago May Corn prices were up at 3-63 1/2.
Portland prices for Soft White Winter Wheat of ordinary protein were up a dime, ranging from 4-56 to 4-71.
August New Crop Hard Red Winter Wheat with 11.5 % protein, were ranging from 5-33 3/4 to 5-48 3/4.
DNS Wheat with 14 % protein for August, were ranging from 6-67 ¼ to 6-72 ¼.
June Live Cattle finished up at 108.17. May Feeder cattle were at $1.2785. April class III milk was down 33 at 15-18.