Marketline Report Tuesday, June 27th
This is Bob Larson with the Market Line Report for Tuesday June 30th. Monday's grain market down a bit in trading. From the Allendale Trading Desk with more on the results, here's John Georgy ...
Georgy ... "Grains, fairly stable today after large pull-backs and really all of the grains markets. Corn and beans are up slightly. Wheat is still down about 7 cents today. A lot of eyes will be on this crop progress report at 3 o'clock today so keep an eye out for that. Cattle are mixed today. Deferred contracts are down slightly while the near-term are up. And hogs are up sharply again due to higher cut-out value."
Chicago July Wheat prices closed yesterday dn 2 at 433 ¼ July corn ended the day dn 4 at 376 ¾
Portland prices for soft white wheat of Ordinary Protein for July ended the day up 3 ranging from 4-68 to 4-91 Hard Red Winter wheat with 11 ½ % protein, prices for July were up .50 ranging from 5-32 ½ to 5-37 ½ DNS wheat with 14 % protein, prices for July were dn .50 ranging from 7-27 ½ to 7-42 ½
Live Cattle for June were dn $3.00 at 124.50 Aug Feeder cattle were dn $3.82 ½ at 146.37 ½ June Class III milk was up $.03 cents at 16-34.