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Bob Larson Marketline Report for Friday, August 16th
by Bob Larson, click here for bio

Program: Market Line
Date: August 16, 2019

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This is Bob Larson with the Market Line Report for Friday, Aug 16th. Amidst the tariffs and trade war, China is not completely out of the U.S. cattle market. From the floor of the CME in Chicago, here's Scott Shellady.

SHELLADY ... "Well, good afternoon. I think it's time that we start talking about live cattle. Kind of interesting, even though we've been seeing the Chinese renege and saying they're going to do something and renege. They have still been in the market buying some of our proteins. As we come to the market today, we've got live cattle up about 1% and we've got lean hogs up 1.6%, so even though we've seen this barrage of twitter feeds and the "he said, she said," it's still interesting to see them stepping up to the plate and still continuing to buy live cattle and hogs. So, that's proven to be something that's actually is still happening. Interesting to note. Good fundamental news."

Chicago Sept Wheat prices closed yesterday dn 4 ¾ at 469 ¾

Sept Corn was up 1 ¾ at 361

Portland prices for soft white wheat of Ordinary Protein for Aug ended the day unch ranging from 5-55 to 5-80 Hard Red Winter wheat with 11 ½ % protein, prices for Aug were unch ranging from 5-09 ¾ to 5-19 ¼ DNS wheat with 14 % protein, prices for Aug were dn 2 ¾ ranging from 5-77 ¾ to 5-82 ¾

Live Cattle for Aug were dn $.55 at 100.00 Aug Feeder cattle are up $1.30 to 135.57 ½ Aug Class III milk was dn .01 cents at 17.63

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