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Bob Larson Marketline Report for Thursday, December 6th
by Bob Larson, click here for bio

Program: Market Line
Date: December 06, 2018

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This is Bob Larson with the Market Line Report for Thursday, Dec 6th. Cash trade is light and cattle are mixed in Wednesday’s market. From the floor of the CME in Chicago, here’s Virginia McGathey.

McGATHEY … “Live cattle today was mixed. There was very little cash trade to kind of give us any kind of idea of what’s happening, but the market still started to firm up a little bit, but we’re expected to have more of an uptick in cash trade that that will give us more direction. But, there is some hope on the horizon that we’re going to get a little bit more demand coming up so we are expecting a little bit of that. So, some of the professional traders are in there and moving the market higher. Now, feeders wer firm as well today. That short-covering came in to support some of those futures. Now, it wasn’t up as much as the live cattle, but it kind of tells us that optimism is in the air and that could definitely spark some commercial buying coming up.”

Chicago Dec Wheat prices closed yesterday dn 4 ¾ at 515 ½

Dec Corn was unch at 374

Portland prices for soft white wheat of Ordinary Protein for Dec ended the day unch ranging from 6-15 to 6-30 Hard Red Winter wheat with 11 ½ % protein, prices for Dec were dn 1 ¼ ranging from 6-55 ¼ to 6-75 ¼ DNS wheat with 14 % protein, prices for Dec were dn 2 ¾ ranging from 6-79 ¾ to 7-02 ¾

Live Cattle for Dec were up $.52 ½ at 116.40 Jan Feeder cattle are up $1.07 ½ to 145.55 ½ Dec Class III milk was dn .01 cents at 13.88

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