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Bob Larson Marketline Report for Monday, December 10th
by Bob Larson, click here for bio

Program: Market Line
Date: December 10, 2018

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This is Bob Larson with the Market Line Report for Monday, Dec 10th. Grains are higher and cattle trade both sides of unchanged Friday. From the floor of the CME in Chicago, here’s Virginia McGathey.

McGATHEY … “It seems that there’s little change in the cash trade. We were really waiting for something here at the end of the week and it seems the entire fourth quarter has hinged on cash trade for Thursday and Friday. However, nothing really happened much today and the market was just chopping around not really showing us anything. Even though the market slipped, it recovered and now we’re back to an unchanged day. Feeders were relatively flat as well. They’ve been in a depressed area for quite a while and with the grain rally today there was no way to get that off the ground. There is some technical resistance numbers that its bumping up against and it’s not able to break through, but it looks like the traders are feeling like we’re finished for the year unless the U.S.-China situation changes.”

Chicago Dec Wheat prices closed yesterday up 14 ¼ at 515

Dec Corn was up 2 at 373 ¾

Portland prices for soft white wheat of Ordinary Protein for Dec ended the day up 6 ¼ ranging from 6-21 ¼ to 6-31 ¼ Hard Red Winter wheat with 11 ½ % protein, prices for Dec were up 16 ½ ranging from 6-72 to 6-82 DNS wheat with 14 % protein, prices for Dec were up 22 ¼ ranging from 6-91 ½ to 7-00 ½

Live Cattle for Dec were dn $.05 at 117.92 ½ Jan Feeder cattle are up $.17 ½ to 144.47 ½ Dec Class III milk was dn .02 cents at 13.76

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