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Bob Larson Marketline Report for Friday, October 20th
by Bob Larson, click here for bio

Program: Market Line
Date: October 20, 2017

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This is Bob Larson with the Market Line Report for Friday, October 20th. Sluggish may be the best word to describe the livestock market lately. From the floor of the CME in Chicago, here’s Joe Vaclavik ...

Joe Vaclavik ... “The live cattle market traded both sides of unchanged here on Thursday. It’s been awfully choppy here this week, kind of directionless. We’ve traded some fairly wide ranges, two or three dollar ranges, but overall very, very little direction so we’re left with kind of a sideways trade waiting on fresh, fundamental news. Cash cattle market has been somewhat active this week. We didn’t see much change hands on the fed cattle exchange yesterday. We did, however, see some trade in the country at $110 so the cash cattle market holding together at least. I believe we did see some trade a little bit higher than $110 last week, but certainly not falling apart by any means. The boxed beef market continues to consolidate. We’ve got these choice boxes in that $195 to $200 range. We’ve been stuck there for a couple of weeks”

Chicago Dec Wheat prices closed yesterday up 2 ¾ at 432 ½

December corn was up ½ at 348 ¾

Portland prices for soft white wheat of Ordinary Protein for October ended the day dn 2 ¼ ranging from 5-27 ¾ to 5-35 Hard Red Winter wheat with 11 ½ % protein, prices for October were up 1 ¼ ranging from 5-89 ¼ to 5-94 ¼ DNS wheat with 14 % protein, prices for October were up 5 ¾ ranging from 7-45 ¾ to 7-50 ¾

Live Cattle for Oct were dn $.27 ½ at 111.10 October Feeder cattle are up $.62 ½ to 152.97 ½ October Class III milk was dn .19 cents at 16.61

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