Daily News Reports »

Bob Larson Marketline Report for Friday, August 18th
by Bob Larson, click here for bio

Program: Market Line
Date: August 18, 2017

Click on the play button to listen to report.

Download Report: Marketline_Report_for_Friday,_August_18th.mp3

This is Bob Larson with the Market Line Report for Friday, August 18th. The cattle market continues a multi-week slide Thursday. From the floor of the CME in Chicago, here’s Joe Vaclavik ...

Vaclavik ... “Live cattle market was sharply lower here on Thursday. Nearby August futures traded into some fresh four month lows, I believe the earliest level since April, and we traded into that $106 handle which is a far cry from where we were just a few weeks ago. So, we’ve seen some major weakness here in this cattle market. The cash cattle market has been under a lot of pressure. We saw some trade today, as a matter of fact, at $110 in the country which is down sharply from, I believe, $117 to $118 last week. We actually had some trade earlier this week near $115. So, the cash cattle market under a lot of pressure here as we run into some bigger numbers. Boxed beef market also under pressure. Choice boxes down under that $200 mark after trading above $250 just a couple of months ago.”

Chicago Sept Wheat prices closed yesterday dn 5 ¼ at 414 ¾ Sept corn ended the day dn 2 at 350

Portland prices for soft white wheat of Ordinary Protein for September ended the day dn 5 ¼ ranging from 4-94 to 5-25 Hard Red Winter wheat with 11 ½ % protein, prices for September were dn 5 ¼ ranging from 4-99 ¼ to 5-19 ¼ DNS wheat with 14 % protein, prices for September were dn 3 ¼ ranging from 7-60 ¼ to 7-80 ¼

Live Cattle for Sept were dn $2.35 at 107.05 Sept Feeder cattle were dn $1.77 ½ at 140.35 Sept Class III milk was up $.03 cents at 16-50.

Recent Reports from Market Line

Click here to see Archived Reports