Friday's Markets Relatively Quiet

Friday's Markets Relatively Quiet

I'm KayDee Gilkey with the Market Line Report for Monday, June 19th. With an update on Friday's market here is Avondale Brokers' Bob Dalton

Dalton: "Markets are relatively quiet. Corn had about a 4 to 4 and 1/2 cent range new crop. Soybeans also not a very large range. Wheat, however, is continuing to push higher and is testing some significant resistance points. Over in the livestock cattle market it is pretty quiet after a very somber trade week in both the fats and feeders as we've seen a cash drop in the futures prices have followed suit."

Chicago July Wheat prices closed Friday up 11 and 1/2 cents at 4-65 and 1/4. July corn ended the day up 4 and 1/2 cents at 3-84.

Portland prices for June soft white wheat of ordinary protein ended the day up 6 and 1/4 to 11 and 1/2 cents ranging from 4-85 to 5-10 and 1/4. Hard Red Winter wheat with 11.5% protein prices for June were up 8 and 1/4 cents ranging from 5-48 and 1/2 to 5-68 and 1/2. June DNS wheat with 14 % protein prices were up 10 and 1/4 cents ranging from 7-42 and 3/4 to 7-57 and 3/4.

August live cattle were up 67 and half cents on Friday at 118-17 and half. August feeder cattle were up 80 cents at 147-87 and half. July class III milk was down 8 cents at 16-41.

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