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Bob Larson Marketline Report for Wednesday, March 28th
by Bob Larson, click here for bio

Program: Market Line
Date: March 28, 2018

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This is Bob Larson with the Market Line Report for Wednesday, March 28th. The cattle market rebounds a bit on Tuesday. From the floor of the CME in Chicago, here's Joe Vaclavik.

VACLAVIK ... "The live cattle market traded mostly higher here on Tuesday, rebounding after a string of losses. It’s been an ugly couple of weeks for the live cattle futures in general. We’ve seen a big selloff in every month starting with the front month, April which is the highest price on the board, and into the lower priced deferred month. The cash cattle market has maintained a little bit of strength although came in weaker this week. You know, last week we saw some trade in the $126 to $127 neighborhood. I believe some light cash cattle trade was reported near $121 in Kansas early this week. We’ll see if that extends itself into the later part of the week, but in general the cash cattle market may be finally following the futures lower here."

Chicago May Wheat prices closed yesterday dn 5 ¼ at 448 ¾

May Corn was unch at 374

Portland prices for soft white wheat of Ordinary Protein for May ended the day dn 4 ranging from 5-59 to 5-60 Hard Red Winter wheat with 11 ½ % protein, prices for March were dn 4 ¼ ranging from 5-94 to 6-24 DNS wheat with 14 % protein, prices for March were dn 4 ranging from 7-08 ¼ to 7-28 ¼

Live Cattle for April were up $.25 at 115.42 ½ March Feeder cattle are up $.50 to 135.32 ½ March Class III milk was up $.01 cents at 14.23

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