Daily News Reports »

Bob Larson Marketline Report for Friday, November 2nd
by Bob Larson, click here for bio

Program: Market Line
Date: November 02, 2018

Click on the play button to listen to report.

Download Report: Marketline_Report_for_Friday,_November_2nd.mp3

This is Bob Larson with the Market Line Report for Friday, Nov 2nd. Consumer confidence plays a role in Thursday cattle trading. From the floor of the CME in Chicago, here’s Terry Roggensack.

ROGGENSACK … “Choppy trade expected for the rest of 2018, but the outlook still very positive for 2019. Consumer confidence hitting the highest level in 18 years in the report this past week. This is a very supportive factor. Beef demand and beef prices are sitting here well above last year and two year ago price levels even though we’ve got a lot more beef production this year than last year or two years ago. Second factor is the massive imports of maybe all meats from China for 2019 could be a very positive force for the coming year.”

Chicago Dec Wheat prices closed yesterday up 7 ½ at 506 ½

Dec Corn was up 3 ½ at 366

Portland prices for soft white wheat of Ordinary Protein for Nov ended the day unch ranging from 6-10 to 6-22 Hard Red Winter wheat with 11 ½ % protein, prices for Nov were up 8 ranging from 6-26 ¼ to 6-41 ¼ DNS wheat with 14 % protein, prices for Nov were up 7 ½ ranging from 6-66 ¾ to 6-91 ¾

Live Cattle for Dec were up $.17 ½ at 117.25 Nov Feeder cattle are dn $.17 ½ to 153.15 Nov Class III milk was up .09 cents at 14.90

Recent Reports from Market Line

Click here to see Archived Reports