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Bob Larson Marketline Report for Friday, March 1st
by Bob Larson, click here for bio

Program: Market Line
Date: March 01, 2019

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This is Bob Larson with the Market Line Report for Friday, Mar 1st. A trade deal with China again leaves uncertainty in Thursday hog trading. From the floor of the CME in Chicago, here’s Terry Roggensack.

ROGGENSACK … “Longer term, we’re going to see a clash, a big supply against expanding export activity, at least in the case of China. If production, in the second half of the year is down 15% from a year ago and China wants to replace that, that would be the equivalent of importing 1.54-billion pounds month. If the U.S. shares 25% of that, that would be equivalent to 385-million pounds per month that China might be importing from the U.S.”

Chicago March Wheat prices closed yesterday dn 8 ½ at 452 ¾

March Corn was dn 1 ¾ at 361 ½

Portland prices for soft white wheat of Ordinary Protein for Feb ended the day dn 5 ranging from 6-15 to 6-35 Hard Red Winter wheat with 11 ½ % protein, prices for Feb were dn 1 ranging from 5-94 ½ to 6-24 ½ DNS wheat with 14 % protein, prices for Feb were up 5 ¼ ranging from 6-59 ¼ to 6-79 ¼

Live Cattle for Feb were up $.55 at 129.95 Mar Feeder cattle are dn $1.00 to 142.87 ½ Mar Class III milk was dn .07 cents at 15.21

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