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Bob Larson Marketline Report for Tuesday, December 11th
by Bob Larson, click here for bio

Program: Market Line
Date: December 11, 2018

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This is Bob Larson with the Market Line Report for Tuesday, Dec 11th. Light trading leaves cattle a bit weaker on Monday. From the floor of the CME in Chicago, here’s Virginia McGathey.

McGATHEY … “Live cattle today was weaker. The cash trade was literally non-existent today. Again, no trade is expected until Thursday and Friday and right now the only activity is limited to the distribution of the show list of last Friday’s so there really isn’t much going on. We’re watching closely anything coming out of the White House. It’s really going to be important because I think that there will be some activity if we start to move into the end of the year with real confidence there’s going to be some resolution to these talks. Now, the feeders were higher and fundamentals were moderately bullish. So, interestingly enough, not often do we see the live cattle lower and feeders higher or vice versa so there was a little bit of good things on the table.”

Chicago Dec Wheat prices closed yesterday dn 4 ¾ at 521 ¾

Dec Corn was up ¼ at 374 ½

Portland prices for soft white wheat of Ordinary Protein for Dec ended the day dn 6 ¼ ranging from 6-15 to 6-30 Hard Red Winter wheat with 11 ½ % protein, prices for Dec were dn 1 ¾ ranging from 6-70 ¼ to 6-80 ¼ DNS wheat with 14 % protein, prices for Dec were dn 6 ¼ ranging from 6-85 ¼ to 6-95 ¼

Live Cattle for Dec were dn $.32 ½ at 117.55 Jan Feeder cattle are up $.65 to 144.92 ½ Dec Class III milk was dn .13 cents at 13.63

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