Marketline Report Thursday, June 29th

Marketline Report Thursday, June 29th

Bob Larson
Bob Larson
This is Bob Larson with the Market Line Report for Thursday June 29th. Wheat continues to climb in the grain market. From the Allendale trading desk with more, here's Kyle Bumsted ...

Bumsted ... "Currently, we've got corn unchanged, pretty steady across the board. The big story in the grains this morning has been in the Spring wheat. We've seen some impressive gains there, new contract highs in most of them, which is leading to a little spill-over into some of the other wheat complexes as well as the soybeans. But, corn can't seem to get any legs under it today. On the livestock sided of things, the fed cattle exchanged, traded a couple loads here in the south, 119 to 120. 120 in the north and 119 in the south. Hogs and pigs report tomorrow, got some pre-report positioning from there. Also, in an earlier report, there was a build in stocks and the dollar index has made some new lows here."

Chicago July Wheat prices closed yesterday up 4 at 456 ½ July corn ended the day dn 2 ½ at 357 ¼

Portland prices for soft white wheat of Ordinary Protein for July ended the day up 4 ranging from 4-82 ¼ to 5-10 Hard Red Winter wheat with 11 ½ % protein, prices for July were up 4 ¼ ranging from 5-36 ½ to 5-51 ½ DNS wheat with 14 % protein, prices for July were up 23 ¼ ranging from 8-14 ¾ to 8-19 ¾

Live Cattle for June were up $.65 at 120.45 Aug Feeder cattle were up $1.52½ at 146.30 July Class III milk was dn $.08 cents at 15-80.

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