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Bob Larson Marketline Report for Monday, September 24th
by Bob Larson, click here for bio

Program: Market Line
Date: September 24, 2018

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This is Bob Larson with the Market Line Report for Monday, Sept 24th. Cattle prices were down but not out last week. From the floor of the CME in Chicago, here's Virginia McGathey.

McGATHEY … “The market was mixed maybe even a little bit firm. Even though it’s been edging lower all week the market is still strong and still hanging on to the profits, the big rally, the limit move we had last Friday. Everyone’s preparing for the on-feed report that’s coming up and even though we’re half way down, the market still looks strong. Traders are really getting set up for this report and I think that they’re expecting something positive as it was last week as well and the exports have been looking good. Prices still are relatively strong and that’s why we’re seeing the market move. I expect to see that there’s going to be a lot more movement on Monday.”

Chicago Dec Wheat prices closed yesterday dn 2 ¼ at 522 ½

Dec Corn was up 4 ¾ at 357 ¾

Portland prices for soft white wheat of Ordinary Protein for Sept ended the day unch ranging from 5-90 to 6-05 Hard Red Winter wheat with 11 ½ % protein, prices for Sept were dn 1 ¾ ranging from 6-15 ¼ to 6-35 ¼ DNS wheat with 14 % protein, prices for Sept were dn 6 ranging from 6-67 ½ to 6-77 ½

Live Cattle for Oct were up .62 ½ at 113.20 Sept Feeder cattle are up $1.27 ½ to 156.92 ½ Sept Class III milk was unch cents at 16.14

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